Social Security payments are a crucial source of income for millions of retirees and disabled individuals. On August 21, 2024, recipients with birthdays between the 11th and 20th will receive a payment averaging $1,918.
This payment will be directly deposited or sent via check, depending on your preferred method.
Who Will Receive the Payment on August 21?
To qualify for the August 21 payment, you must meet specific criteria:
- Birthday Requirement: Your birthday must fall between the 11th and 20th of any month.
- Social Security Enrollment Date: You should have started receiving benefits after May 1997. Those who began receiving benefits before this date have a different payment schedule.
- SSI Exclusion: Recipients of Supplemental Security Income (SSI) follow a different payment schedule and will not receive their benefits on this date.
For those who meet these conditions, the payment will arrive on August 21. It’s important to note that this is not the last payment of the month.
Upcoming Payments After August 21
If you don’t receive your payment on August 21, you may be eligible for the next payment on August 28. This date applies to:
- Retirees whose birthdays fall after the 20th of any month.
- Recipients who did not receive benefits before May 1997.
- Those who are not on SSI.
The average payment for these recipients will also be $1,918. Additionally, retirees who began receiving benefits before May 1997 will receive their next payment on September 3, 2024.
Supplemental Security Income (SSI) Payment Dates
For those on SSI, a payment of up to $943 will be issued on August 30, 2024. SSI recipients also received a payment on August 1, but they can expect their September payment earlier than usual, arriving on August 30.
SSDI Payments
Social Security Disability Insurance (SSDI) recipients follow the same payment schedule as retirees. If you’re on SSDI and meet the birthday requirement for August 21 or August 28, you’ll receive your payment on those dates.
Those who started receiving SSDI before May 1997 will receive their payment on September 3, 2024.
SSI recipients who also receive SSDI will typically get their payments on September 3 if they began receiving benefits before May 1997.
Maximum Payment Amounts
For those who have maximized their Social Security benefits:
- Maximum Retirement Benefit: Up to $4,873 if you file at the maximum age.
- Full Retirement Age (FRA) Payment: Up to $3,822.
- Early Filing at 62: Up to $2,710.
The largest SSDI payment in 2024 is also $3,822, which is equivalent to the amount received at Full Retirement Age.
Social Security remains a vital source of financial stability for millions of Americans. Understanding the payment schedule helps ensure that you receive your benefits on time.
Whether you’re receiving retirement benefits, SSI, or SSDI, staying informed about your payment dates can help you manage your finances more effectively.
FAQs
Who receives the August 21 Social Security payment?
Recipients with birthdays between the 11th and 20th of any month.
Will there be another payment after August 21?
Yes, another payment is scheduled for August 28 for those whose birthdays are after the 20th.
When will SSI recipients get their payment in August?
SSI recipients will receive a payment on August 30, 2024.
Are SSDI payments on the same schedule as retirement benefits?
Yes, SSDI payments follow the same dates as retirement benefits.
What is the maximum Social Security benefit in 2024?
The maximum is $4,873, with full retirement age payments up to $3,822.
