The Social Security Administration will not send money to retirees in the next two payments if they were already eligible for one of the last two payments. If you got a check or direct deposit on August 2, you won’t get the money on August 21 or 28.
Also, people who got their money on August 14 will not be able to get checks or direct payments on August 21 or 28. Once that is done, they need to know when their September Social Security (SSA) payment will arrive.
Social Security payments in September
If you got a monthly payment from SSA on August 2, the next one will come on September 3. Remember that you had to have started getting payments before May 1997 in order to be qualified.
Plus, you might be able to get it even if you get both Social Security and SSI funds at the same time. So, there are only two ways for retirees to get the money they are due on September 3.
If you began getting retirement benefits after April 30, 1997, and your birthday is between 1 and 10, your next payment will be due on September 11, 2024. But what about the amounts that could be used?
Social Security amounts for September: average & maximum
No matter what the paycheck is, the most a senior can get in 2024 is $4,873. That’s only possible if you filed when you were 70, made the most money that was taxed, and worked for 35 years in SSA-covered jobs.
If you meet all of these conditions but file when you are 66 years old, you can only get up to $3,822. People who file early at age 62 can get up to $2,710 back. In any case, the average payments aren’t that big.
Just so you know, the average retirement benefit amount is $1,918 as of June 2024. The same checks that retirees get can also be used to pay SSDI. People who get SSDI can get up to $3,822 in checks or direct deposits, or about $1,537 a month.
What is the average retirement benefit payment as of 2024?
- In May 2024, the average monthly Social Security check for people who are retired was $1,917. Because of a cost-of-living increase (COLA) of 3.2% in 2024, this is the case. The COLA was the third highest in the last ten years.
- In January 2024, the average monthly Social Security retirement income was expected to be $1,907. Every month, the average amount changes.
- The average monthly benefit for retired workers is $1,919.40 as of July 2024. This is about 8% more than the average monthly benefit for all Social Security users, which is $1,782.74.
- 79.2% of all Social Security payments go to people who are retired. As of July 2024, the average monthly income for everyone who is retired is $1,871.09.
- How much a person can get from Social Security depends on how old they are when they start getting benefits. In 2024, the highest benefit is $2,710 per month if you start getting it at age 62, $3,822 per month when you reach full retirement age, and $4,873 per month when you wait until age 70.