Millions of Americans are looking forward to the latest round of Social Security payments in July, which will provide crucial financial relief for retirees, individuals with disabilities, and survivor beneficiaries. With every dollar making a difference in today’s economic climate, it’s important to understand when these funds will arrive and how to check on the status of your payment.
How Much Money Can You Receive from Social Security?
The amount of Social Security benefits a person receives depends on their specific situation. According to the Social Security Administration (SSA), here’s a breakdown of typical monthly benefits: Retired workers typically receive an average monthly benefit of $1,907. Disabled workers (SSDI) usually receive an average monthly benefit of $1,537. Couples who both receive benefits typically get around $3,303 combined. The maximum benefit at full retirement age (67) is $3,822, and the maximum benefit at age 70 is $5,108.
Who Will Receive the Social Security Payment on July 23?
The SSA distributes monthly payments on a staggered schedule based on the beneficiary’s date of birth. For those born between the 1st and 10th of the month, payments are made on July 9. For those born between the 11th and 20th, the payment is made on July 16. Beneficiaries born between the 21st and 31st will receive their payment on July 23.
How Can You Check the Status of Your Social Security Payment?
To track your payment and ensure it’s been processed correctly, you can visit the my Social Security portal online. You can also check your bank account for the direct deposit, which should appear around July 23. If you receive a physical check or prepaid card, this may take a few weeks longer. If there’s a delay in your payment, you should contact your bank. If the payment still hasn’t arrived after three business days, reach out to the SSA at 1-800-772-1213 for assistance.
How Will the Social Security Calendar Continue?
Looking ahead, SSI recipients will receive their payments on August 1. Social Security retirement and disability beneficiaries will continue to receive payments on August 14, 21, and 28, depending on their birth date.
