As August begins, millions of Social Security beneficiaries across the country will receive their monthly payments. The Social Security Administration (SSA) disburses retirement, disability, and survivor benefits on a monthly basis, but payment dates vary depending on the type of benefit and the recipientโs birth date. In 2024, approximately 68 million Americans will receive Social Security benefits each month, with an estimated $1.5 trillion in payments expected this year.
According to a recent report by Newsweek, the Social Security payment schedule for August 2024 is as follows:
August 1
- All Supplemental Security Income (SSI) payments will be made on August 1.
- Social Security payments will also be issued to those who have been claiming benefits since before August 1997.
August 2
- For individuals who receive both SSI and Social Security benefits, SSI payments are made on August 1, and Social Security payments on August 2.
August 14
- Beneficiaries with birthdays between the 1st and 10th of their birth month will receive their Social Security payments on August 14.
August 21
- Payments will be issued to those with birthdays between the 11th and 20th of their birth month on August 21.
August 28
- Individuals born between the 21st and 31st of any month will have their benefits paid on August 28.
August 30
- Due to September 1 falling on a weekend, SSI benefits for September will be paid on August 30. This adjustment ensures recipients do not face delays due to the weekend.
The SSA advises that if you do not receive your payment on the expected date, you should wait three mailing days before contacting them. This delay allows time for any possible processing issues to be resolved.
This payment schedule helps ensure that beneficiaries receive their funds in a timely manner, avoiding financial inconvenience.
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