If you are on the list of beneficiaries who will get the new United States Social Security payment, you are in luck. This new payment can reach an average figure of $1,850, although the maximum payment reaches $4,873 per month.
Therefore, in the case of having the maximum check you would have a payment of almost $5,000, which will completely change your monthly budget. Also, this does not imply that you will have a check of that amount, but the check can be less.
Every Social Security check is totally different and depends on several factors. If we control those factors, we will control the check we will have in the future. But it is also true that in the case that we have already applied for the retirement benefit it will not be possible to increase this check.
Who gets the new Social Security check?
The next of the Social Security retirement payments will be on June 3rd. This month’s benefit will have the same maximum payment as the rest of the months, so it will not change the amount of the previous months of 2024.
In order to be eligible to have this retirement check we need to fulfill only one condition. That condition is to have the Social Security benefit since before May 1997. There is no other extra requirement, so we will not have to do anything else to get that day’s payment.
However, if we do not have Direct Deposit activated, we cannot be sure that the money will appear on the same day it is sent. By activating this collection method we will have the retirement money the instant the Administration sends it.
Other Social Security checks in June
After the June 3rd payment day, the Social Security Administration will send more checks to the thousands of beneficiaries in the United States. The payment days for these other checks will be on the 12th, 18th, and 26th of this month.
On each of these days a different group of retirees will get the money. Thus, retirees with birthdays between the 1st and 10th will collect on June 12th. June 18th is for retirees with birthdays between the 11th and 20th. The last payment will be on June 26th and will be only for retirees born between the 21st and 31st of any month.
To be part of these groups, it is also necessary to have applied for Social Security since after May 1997 or in that same month. Only by fulfilling these two requirements will we have access to the payment on those days.