monthly, Social Security Administration makes millions of payments to its beneficiaries, most of them retired workers.
Also read: Social Security: What are the maximum benefits for 2023?
SOCIAL SECURITY CHECKS FOR JULY 2023 | PAYMENT SCHEDULE
Payments are made monthly, but the exact date of receipt depends on the date of birth of the recipient.individuals born between On the 1st and 10th of each month, you will receive your checks on the second Wednesday of the month.Them Those born between the 11th and 20th get paid on the 3rd Wednesdaywhile those born between Checks are received on the last Wednesday of each month on the 21st and 31st.
Please note that this payment schedule does not apply to payees. additional insurance income (SSI). They receive their checks at the beginning of the month. regardless of date of birth. If the payment date falls on a weekend, it will be moved up to the previous business day.Beneficiary Individuals who retired before May 1997 are also not included in the schedule based on the payee’s date of birth and instead receive a check the first week of each month.
How much is the average Social Security check worth?
of Data provided by SSA from May Gain insight into how much a beneficiary can receive next month. in May, SSA sent social security checks to 66 million peopleof which 74 percent They were retired workers.of The average check value is 1,836.06, This year’s payout cap is $4,555.
For SSI recipients, monthly average is 675.10. The main advantage of this program is $914 per month, up to $1,371 for couples paying joint taxes.