Millions of people rely on Social Security to cover their basic needs. This source of income is crucial for senior citizens, disability insurance beneficiaries, and survivors. Each month, the Social Security Administration (SSA) distributes payments in an organized and meticulous manner.
It is essential to be aware of the exact dates to avoid delays or confusion. SSA payments are scheduled according to a monthly calendar that depends on the beneficiary's date of birth. In this article, we tell you everything you need to know about this week's payment schedule.
Who will receive Social Security payment on July 16?
This Wednesday, July 16, beneficiaries born between the 11th and 20th of each month will receive their payment. This is the second of the three payments scheduled for July. SSA distributes payments on three different dates each month, according to each beneficiary's month of birth.
Social Security payment schedule for July:
- Wednesday, July 9: Beneficiaries born between the 1st and 10th of each month.
- Wednesday, July 16: Beneficiaries born between the 11th and 20th of each month.
- Wednesday, July 23: Beneficiaries born between the 21st and 31st of each month.
Exceptions to the payment schedule
Although most beneficiaries follow the established schedule, there are some exceptions. Beneficiaries who began receiving payments before May 1997, such as those with retirement, SSDI, or survivor benefits, receive their payment on the 3rd day of each month.
Additionally, beneficiaries of the Supplemental Security Income (SSI) program usually receive their payment on the first day of the month. This also applies to all those who receive both SSI and regular Social Security, who receive the SSI payment on the 1st day of each month.
Amount of Social Security payments
The amount of payments varies depending on the type of beneficiary. For retired workers, the average payment is $2,002.39 per month. However, the maximum a retiree can receive is $5,108 monthly. These payments are vital for millions of people who rely on them for their economic stability.