The last one Social security payment will be on December 27th. checks will cost an average of $1,848 SSA. So that means there will be no COLA increase in December for retirees.
In fact, only Supplemental Security Income beneficiaries can collect payments with a Increasing Social Security in 2023. Their new checks will arrive on December 29th, but they are actually their January checks. While some retirees will receive their new checks on January 3rd, others will have to wait until January 24th.
There will be two more payments in between. The average asking amount will be $1,907 SSA. Therefore, next year they will receive 3.2% more. Getting more money is always welcome, but it doesn’t seem like enough.
WHO WILL RECEIVE $1907 ON JANUARY 3, 2024?
The work is in Social Security Administration divides payments into two main groups. Those who received benefits before May 1997 and those who did not. Another group is those who receive SSI and retirement or disability benefits at the same time.
So if you started collecting payments before May 1997, January 3rd would be when you can get an average payment of $1,907. Needless to say, some retirees will get less moneywhile others will receive more.
The amount of your Social security benefits it will depend on your previous earnings. But it also varies depending on the number of years you’ve worked and the age you filed.
Another group of seniors who will get Social security benefits on January 3 will be those of SSI. So they get SSI on December 29th and retirement checks on January 3rd.
WHO WILL RECEIVE $1,907 ON JANUARY 10, 17 AND 24 FROM SOCIAL SECURITY?
These wages will be for those who have not received Social security before May 1997. Moreover, the Administration organizes payments according to their dates of birth.
For example, if your birthday is from 1 to 10, your check will be due on January 10, 2024. These adults whose birthday is from 11-20 will receive their payments on January 17th.
January 24 will be the last salary for Social Security Beneficiaries. To receive this check, your birthday must be between the 21st-31st. All of these payments can reach up to $4,873, but most will receive an average payment of around $1,907.
If you have not applied for retirement checks however, be sure to check your annual report. There you will see the amount of your benefits depending on the age at which you are applying for pension benefits.