People aged 62 who meet the standards for Social Security will get a new payment on September 11, 2024. You do not qualify if you are also getting Supplemental Security Income or if you retired before May 1997.
For people aged 62, another option is that they start getting Social Security on September 18, 2024, or even September 25, 2024. If you get your direct payment of up to $2,710 on a certain payday, it will depend on what day you were born.
Social Security depending on your birth date
The Administration will send you your monthly payment earlier if your birthday is earlier in the month. In September, the next three rounds of direct payments will be sent out on September 2, 3, and 4. Check to see when your birthday lets you get paid:
- Birthday from 1-10: payment on September 11
- Birthday from 11-20: payment on September 18
- Birthday from 21-31: payment on September 25
The next payment you will get if you only get SSI is October 1, 2024. On October 3, 2024, people who get SSI or Social Security retirement benefits will get their money. On October 3, people who have been getting retirement checks for more than 27 years will also get their money.
Social Security direct deposit of up to $2,710 for age 62
Direct payments of up to $2,710 can only be sent to people aged 62. Without a doubt, it’s a very big payment, and it will be hard to make. 62-year-olds can only get these big checks if they have worked 35 years in SSA-covered jobs and made the highest amount of money that is taxed each year.
Of course, filing at age 62 or working until age 35 is normal. But not many Americans make enough money to be taxed at the highest rate for 35 years. That means they might only get $1,300 on average.
As you know, the average retirement pay for all workers who have retired is $1,919. If you file at age 62, your direct payment or check will be 30% less. So, many seniors can’t afford it because of rising prices, the high cost of living, and the cost of medical care in retirement.
Also See:- New Social Security Payment: Tomorrow, if you were born this year, you will get a new $1,900 check