The year is coming to an end and Social Security Administration (SSA) will begin sending payments worth up to 3627 dollars. In total, there will be 6 inspections in the next month. So there will be one more than the usual number sent by the SSA.
The thing is that the administration has changed the days on which payments are due. Thus, Social security beneficiaries will receive theirs money much earlier. Remember that the SSA avoids paying on the weekend. So they send a check the previous business day.
If you receive Social security before May 1997 you should know the changes on your next pay day. Whether you are retired or SSDI disability benefits, it doesn’t matter. The question is the date you started collecting payments.
When will SSDI retirees and people with disabilities receive their new Social Security benefits in December?
In general, if you were on Social security benefits before May 1997 receive your checks on the 3rd day of the month. Unless it’s a holiday or weekend, this will be your usual payment day. People on SSI and retirement or SSDI benefits both get it on the 3rd.
However, December 3rd is a Sunday and the payment will be sent on December 1st. In this way, pensioners and disabled people will receive their money 2 days in advance. This is great because you may need your money as soon as possible to prepare for Christmas shopping.
Of course you must have applied Social security first and before May 1997. If not, you will not receive this payment from the administration. Retirees can start receiving benefits if they are at least 62 years old. In addition, they must have earned 40 work credits, which is about ten years of work while you paid taxes to the SSA.
The age at which people with disabilities start collecting SSDI can vary. No one knows when a disability may start or occur. But you will definitely need to have worked enough and paid taxes.
How much can retirees and disabled people on SSDI receive on December 1 from the SSA?
The largest amount of money a person with a disability and the SSDI can get is $3,627. However, SSDI beneficiaries receive much less on average. This is because they do not have much time to work before claiming their benefits. On average, they earn about $1,489 in 2023.
This fact greatly reduces their checks. Pensioners can also get up to $3,627 at full retirement age. This will be a real challenge because you have to have worked for 35 years while getting the taxable maximum all that time.
The biggest actually The Social Security check is $4,555 in 2023. This will increase to 4,822 dollars in 2024. Most older people earn less. That’s an average check of about $1,848 in 2023.
From the seniors of Social security and disabled people on SSDI will receive a 3.2% COLA increase, they will receive $1,907 (retirees) and $1,537 in 2024. The average increase will be about $50 extra per month. Higher than average magnification.