As it does every month, the Social Security Administration (SSA) is making payments, this time for July, to millions of beneficiaries in its various programs. This U.S. retirement check can reach a maximum of $4,873.
Social Security is a federal program that provides financial benefits to eligible individuals, including retired workers, people with disabilities and family members of deceased workers to help them cover the high cost of living.
Monthly payments are intended for retired workers and people enrolled in Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI).
The date recipients receive their SSA check varies according to their day of birth. Recipients born between the 1st and 10th get their deposit on the second Wednesday of the month, while those born between the 11th and 20th receive their funds on the third Wednesday, and those born between the 21st and 31st receive their check on the fourth Wednesday of the month.
Pre-May 1997 retirees and SSI recipients receive their checks at the beginning of each month, regardless of their date of birth.
To be eligible for SSI, individuals must meet a number of requirements to demonstrate that they require this financial assistance. Primarily, they must have limited income and resources, suffer from total or partial blindness, and have a physical or mental condition that limits daily activities for one year or more.
What are the requirements for the new Social Security Administration payment?
There are two specific requirements to receive the new Social Security Administration payment. This payment will appear in the checking account of thousands of U.S. citizens on July 24, 2024. But it is not possible to get the check without meeting certain requirements.
There are two conditions. On the one hand, it is necessary to have applied for the retirement check since after May 1997. In addition, you must have reached your birthday between the 21st and 31st of any month. This means that we belong to group 4, so in this case we will always be paid on the fourth Wednesday of the month.