The The U.S. Social Security Administration (SSA) must stop paying its beneficiaries before the end of the year Do you know who is expected to receive their check in the last week of 2023?
On average, 65 million retirees and survivors should receive their Social Security payments, as well as 7.5 million Supplemental Security Income (SSI) recipients, who are adults and children with disabilities or blindness whose income and means are below certain financial limits .
WHO WILL RECEIVE THE SOCIAL SECURITY PAYMENT IN THE LAST WEEK OF DECEMBER 2023?
According to the Social Security Administration (SSA) payment, two groups will benefit from the payment.
- Wednesday December 27th: The last payment in 2023 will be made for those pensioners born between the 21st and the 31st. The amount each pensioner receives depends on various factors, such as contributions made while working or the age at which they retired.
- Friday, December 29th: The 2024 calendar begins moving forward to Friday, December 29th for Supplemental Security Income (SSI) beneficiaries because Monday, January 1st, their usual payment date, falls on a New Year's holiday.
The last week of December includes payments to retirees and SSI beneficiaries (Photo: SSA)
What is the payment for social security pensioners in 2023?
The Social Security Administration issues checks that vary significantly in value because they are directly related to retirement age and contributions throughout one's career. Below you can find out which payments can be made until 2023 depending on when you retire:
- Average salary: $1,827
- Early retirement at 62 years old: maximum of $2,572
- Retired at age 67: maximum of $3,627
- Retired at 70: maximum up to $4,555.
What amounts will SSI beneficiaries receive in 2024?
Below are the average amounts that SSI program beneficiaries will receive through 2024, according to the SSA.
- Individual average payments: $943
- Average payments per couple: $1,415
- Essential people: $473.