Most people who receive Social Security benefits (SSDI and retirement benefits) are virtually finished with their payments for August. On the other hand, those who are receiving Supplemental Security Income (SSI) are set to begin receiving their benefits.
The following week will be wonderful for you if you are looking forward to receiving your next Social Security or SSI payment and you are eligible for it. Since they have already got their money in August, three categories of beneficiaries are unable to get their retirement or Social Security Disability Insurance payments this week.
Payments from Social Security on the 28th of August
Beneficiaries of Social Security Disability Insurance and retirement benefits will get their next payment on August 28. However, if you are already receiving SSI payments or if you received benefits before May 1997, you will not be eligible for this program.
Eligible retirees must have birthdays that fall between the 21st and the 31st of the month. You do not need to worry about the month or year that you were born as long as you have previously submitted your application and received approval from the Administration.
In August, retired workers may expect to receive an average pension of around $1,919 per month. However, if they submitted their taxes at the age of 70, earned the maximum amount of money that is taxable for 35 years, and had employment that paid sufficient taxes to the Social Security Administration, they may get up to $4,873. The average payout for Social Security Disability Insurance (SSDI) is $1,537, and for high earners, it may go up to $3,822.
The weekly SSI payment was postponed by Social Security.
On August 1, 2024, SSI must have been paid. As a result, there are no payments that are currently due for this month. On the other hand, the Social Security Administration (SSI) payment for September cannot be paid on the first Sunday of September in 2024. For this reason, Social Security has decided to schedule the payments for Supplemental Security Income for the end of August.
There is never a time when Social Security makes arrangements to pay on federal holidays or weekends. Since banks and offices would be closed, they would be unable to send monthly payments when they were due. SSA sends money in advance in order to avoid this situation.
SSI benefits will average out to be $695 per month. Several beneficiaries could be eligible for the highest payment available to people, which is $943. The maximum amount that eligible married couples can get is $1,415. On August 30, 2024, essential individuals will be able to get a check with a maximum value of $472.