Direct payments of $1,800 from Social Security on July 19: who will receive them?
The Social Security Administration is continuing to send out checks to their beneficiaries this month. Here are the recipients of payments on July 19.
Every month, the Social Security Administration sends money to different beneficiaries, including retired workers and survivors. It also mandates disability payments, which include the Supplemental Security Income program and Social Security Disability Insurance.
SSA has already sent some payments for this month and is continuing to send the remaining payments. Here’s how much money is sent on average and what payments are sent on July 19.
Social Security checks: How much money is being sent in 2023?
Thanks to the 8.7% increase in the cost-of-living adjustment (COLA), average retiree payments rose to $1,827, the SSA revealed in January. The maximum benefit for those retiring at age 62 is $2,572 a month, $3,627 for workers retiring at full retirement age (67) and $4,555 for those retiring at age 70 or later.
Meanwhile, average payments from the Supplemental Security Income program are around $550 dollars per month. The maximum monthly SSI benefit is up to $914 for an individual and $1,371 for a married couple where both spouses are eligible for the program.
Payments are sent via direct deposit to payees who have shared their banking information. The rest is sent via postal mail.
$1,800 Social Security payments on July 19: Who will get it?
According to the schedule established by the SSA, Supplemental Security Income benefits are sent on the first day of each month. However, on some occasions, if the first day of the month falls on a Saturday or Sunday, the payment is advanced to the last Friday of the previous month.
On the third day of each month, SSA sends money to those who began receiving their Social Security payments before May 1997. If the third day of the month falls on a Saturday or Sunday, the payment is also advanced.
The rest of the checks are sent every Wednesday, according to the date of birth of the recipients:
Social Security checks: payment dates in July 2023
Taking into account the previous schedule, on July 3, the SSA already sent the payment of the beneficiaries who began to receive their retirement benefits before May 1997.
The following payments for the rest of July are scheduled as follows:
Why aren't Supplemental Security Income (SSI) payments sent out in July?
Recipients of the SSI program receive their payments on the first day of each month; however, if the first day of the month falls on a weekend, payments are sent in advance. This happened in July.
Because the first day of July fell on a Saturday, this month’s SSI payment was advanced and mailed on June 30. That’s why SSI recipients received two payments in June, but have no payments scheduled in July.