$4,555 Social Security checks in December 2023: Who will receive them and when?
Some Social Security beneficiaries may be entitled to receive up to $4,555 each month. Find out who will receive them in December, and when the dates are.
Each month, millions of beneficiaries receive money from the Social Security Administration, many of them retired workers and survivors.
The SSA also sends out disability benefits which include the Supplemental Security Income (SSI) program and Social Security Disability Insurance.
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Social Security: How much money is sent each month?
Amounts of payments vary from beneficiary to beneficiary. SSA calculates payments on an individual basis based on various factors. For retired workers, payments are affected by age. Also, benefits change each year due to cost-of-living adjustment.
This year, average payments from the Supplemental Security Income program around $550 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.
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Meanwhile, retirees’ median monthly payments rose to $1,827, revealed the SSA at the start of the year. The maximum benefit for those who retire at age 62 is $2,572 a month and $3,627 for workers who retire at full retirement age (67).
Individuals who delay retirement until age 70 may be eligible for a maximum benefit of $4,555 if they meet work and income requirements.
Social Security checks up to $4,555 in December 2023: Payment dates
Based on the SSA’s given payment schedule, they will release SSI benefits for December on the first day of the month. Additionally, a second payment will be sent on Friday, December 29. As January 1, 2024, is a holiday, the SSI payment will be advanced and sent on December 29, 2023.
Payments are sent via direct deposit to recipients who have provided a bank account to SSA. The rest of the payments are sent by postal mail, so they may take a longer time to arrive.