Check payments come regularly to the millions of citizens in the United States that collect them. Social Security is in charge of making those payments in due time. It does not matter if you are retired, or a person with a disability getting SSDI. Have a Supplemental Security Income or are a surviving spouse. All come on time.
Social Security beneficiaries are getting this year a higher check. It was due to the COLA increase to keep their purchasing power. Bear in mind that all most everything you need to buy or pay for is more expensive. Those who collect SSI get less on average, about 656 dollars. On average a monthly Social Security check for a retiree is about $1,827 says SSA.
For those who are retired and collect Social Security, the best way to maximize your benefits is by waiting until full retirement age (FRA). It is important to know that FRA is different for birth year. For example, if you were born in 1960 or later, then your FRA would be 67.
Which Social Security beneficiaries will get no check in July 2023?
In fact, they will get two checks, but, in the same month. Rather than getting one check per month, they get two. Bear in mind that on certain occasions SSI beneficiaries may get their checks one day before.
That could make a coincidence and they collect two checks per month. So, if your payment is due on a Saturday, SSA pays it in advance.
SSI beneficiaries usually receive their SSA checks on the first day of the month. Let us say July 1, 2023, in this case. As it is not a business day, they get it on, March 31. That is the reason why they are getting a payment on June 1, 2023, and another one on June 30, 2023. All payments that are at the weekend are paid in advance on a business day.
When will other Social Security beneficiaries receive their monthly payments?
Apart from those SSI recipients who will collect their checks on March 31, there are more dates for payments. Social Security Administration provides beneficiaries with a Schedule of SSA Benefit Payments for 2023. In that way, people can manage their finances better. Planning beforehand is the key to saving and having a healthy economy.
Those who started receiving their Social Security benefit before May 1997 will get it on July 1st, 2023. So that will be the first payment in July. That date will also be for those who collect SSI and Social Security benefits. Though SSI is paid first. It will not be until July 12, 2023, when the next check will come. It will be for those SSA beneficiaries that have their birthdays from the 1st to the 10th.
Regardless of the day we were born, we will be able to receive the check. The difference is that we can get it earlier or later in the month. It does not matter, therefore, to the year of birth, but only the specific day.
What if you get Social Security benefits but your birthday is from the 11th to the 20th?
Those whose birthday is from the 11th to the 20th will collect their Social Security check on July 19th, 2023. So, as you can see there are different dates for different circumstances, benefits, and birthdays. The last payment will come on July 26, 2023. Therefore, this date will be for those remaining birthdays and those who get it later in the month.
Thus, those whose birthdays are from the 21st to the 31st will enjoy their checks on July 26. Remember that these three last payments will be on Wednesdays. It is true that it might be difficult to tell which day is Wednesday or a business day. Especially for those who can enjoy the freedom of doing their daily routine every single day.
Anyway every Social Security user will get a benefit in July. It doesn’t matter the birthday day because retirees will collect their check on 12, 19 or 26. Just need to check the exact day to be ready to withdraw the money from the ATM machine. And with Direct Deposit you won’t have to wait a single moment to receive the check, since it will appear in our pocket the instant the Administration sends it.