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Social Security Payment: Millions of Americans to receive $1,657 next week

A group of Social Security beneficiaries will soon receive their retirement benefits for the month of August 2022

Abraham Quirós Villalba by Abraham Quirós Villalba
23/08/2022 13:42
in Money
Nearly a million of Americans will get a new cash stimulus check

Nearly a million of Americans will get a new cash stimulus check - CANVA

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Why shouldn’t retirees count on just the Social Security check?

How can I increase my Social Security check in 2023?

This is the new $4,558 check for retirees and Social Security disability users

In the United States of America, Social Security beneficiaries receive their benefits every month. The date on which the Administration sends the money every month is already fixed, although only for a group of pensioners. In 2022 the average is $1,657 per month, but it will increase next year due to the COLA.

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On August 24, people born between August 21 and August 31 will be paid. This is always repeated on the fourth Wednesday of each month. If your birthday falls between these dates, you will receive your Social Security benefit soon.

It can take up to 3 days for the check money to appear in your bank account. If you choose the Direct Deposit method, your benefit will be automatically available to you.

When are Social Security payments made?

Retirees who are entitled to Social Security payments should pay attention to the following days. On these days they will receive their benefit every month:

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  • 2nd Wednesday of the month: people born between the 1st and 10th collect Social Security.
  • 3rd Wednesday of the month: The Social Security Administration sends the payment to beneficiaries born between the 11th and 20th.
  • 4th Wednesday of the month: People born between the 21st and 31st receive the benefit.

Supplemental Security Income (SSI) benefits must also be taken into account. SSI is sent on the 1st of each month. This is true every month except when the 1st is a holiday or weekend. When this occurs, the Administration sends the payment on the immediately preceding business day.

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