Thousands of United States citizens will not enjoy their Social Security check as soon as usual. And the fact is that in the month of February we find an irregularity that changes the payment schedule a little. Therefore, if you have a retirement benefit you should pay attention to this calendar to avoid problems.
The economy of many American households depends on Social Security checks. If this is your case, it is very important to be aware of the payment schedule. Although it is not advisable to rely solely on retirement payments, it is common among Americans in their golden years. That’s why being aware of possible changes in monthly payment schedules is so important.
It is true that the payment will arrive in just one week in the pocket of the first of these groups of Americans. But it is also true that there are other groups that will have to wait until the fourth and fifth week of the month to be able to enjoy the benefit in February. In short, if you have a Social Security check, it may arrive later than usual in February. So keep a close eye on the calendar and your finances.
Which Americans get their Social Security benefits later in February?
The Social Security Administration divides American retirees into two major groups. The first of these groups already has their benefit in February 2024. This group is the pre-May 1997 retirees. The Administration sent checks to this group on February 2, 2024. We can even say that these retirees received their collection before the day it was sent, since it is usually the 3rd day of each month.
![Americans are getting the new Social Security payment later than usual in February](https://www.tododisca.com/en/wp-content/uploads/2024/02/Americans-are-getting-the-new-Social-Security-payment-later-than-usual-in-February.jpg)
However, there is another large group of retirees that is divided into three different groups. This other large group is the group of beneficiaries since May 1997. If your benefit started on that date or later the check always arrives on the second, third or fourth Wednesday of the month. And this group is the one that gets the check later in May.
It is not until the third week of the month that the first of the payments for this group arrives. To be more exact, this Social Security payment will be on February 14th, 2024. And the first of these payments is only for retirees born between the 1st and 10th of the month. Also, on February 21st and 28th, the rest of the retirees will get a check. Depending on their birthdays, they may receive their payments earlier or later.
The quickest collection method to get your pension
In addition to knowing the payment schedule, it is also important to control the collection method we use. If we want to get our Social Security as soon as possible, we should activate Direct Deposit. Thanks to this collection method we will not have to wait a single day to enjoy the money in our pocket.
Likewise, those who do not activate Direct Deposit will get the money, but they will have to wait a few days. It can take about three days from the time Social Security sends the check. But it is not certain that we will get the money quickly. It could be slower.
So to make sure we get the money as soon as possible, we should choose the fastest collection method. Only then we will have the Social Security money quickly in our pocket. This is the best way to organize everything related to our household finances.