Important Social Security announcement: Adjusted SSI, SSDI, and Retirement average payouts

Important Social Security announcement Adjusted SSI, SSDI, and Retirement average payouts

The average payouts for Social Security retirement, SSDI, and SSI could go up or down. It will depend on how much money SSI users make and how much tax they paid to SSA in the past.

As of September 2024, these are the average amounts for the month of August. Good news: people who get money get more of it than they did in July, which is great.

SSDI, SSI, and Social Security average retirement checks

All retired workers are now getting $1,920 a month in payments. People whose spouses have retired can get an average of $909, and their children can get about $892. People who are retired are getting an extra $1 a day.

One thing that is different is that it is now $13 more than the January retirement check. Remember that after the 2024 COLA, Social Security checks for January were only $1,907. On average, SSDI benefits are a lot less.

People who got SSDI got about $1,489 in December 2023 and about $1,539 in August 2024. The numbers have only gone up by two dollars though if you compare them to January. People who get SSI get an average check worth $698. Even though it went up lately, SSA said in their last announcement that it had gone down.

Unlock the Social Security Jackpot: How Retirees and Disability Pensioners  Can Get Up to $3,822 This June
Source google.com

Next payment dates for SSDI, SSI, and Social Security retirement benefits

In September and October, the Social Security Administration will still send funds every month. Some may get payments that are about normal, while others may get payments that are very different.

  • SSDI/Social Security retirement on September 18: birthday from 11-20, not on SSI, not on benefits before May 1997
  • SSDI/Social Security retirement on September 25: birthday from 21-31, not on SSI, not on benefits before May 1997
  • SSI payment on October 1, for all eligible recipients, no other payday
  • Social Security retirement and disability insurance payment on October 3: on benefits before May 1997 or also receiving SSI

You have to be at least 62 years old, have worked enough hours, and file for retirement in order to get government payments. A person with a low income who also gets disability insurance or retirement benefits can get SSI. People who have paid enough taxes to SSA and have a condition that keeps them from working for more than a year can get SSDI.

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