WELFARE
Who receives $1,900 from Social Security today, February 7?
The first round of February’s Social Security payments will soon be sent out as per the SSA’s payment schedule with different dates to January.
The date on which retired workers receive their monthly payment depends on their day of birth, while SSI benefits are distributed on the first of each month.
Retirees who were born between the 1st and 10th receive the money on the second Wednesday of the month, which for this coming month would be Wednesday, 7 February. This is the group that will be receiving their checks next week.
Those who were born between the 10th and the 11th get their check on the third Wednesday. Those whose birth dates fall from the 11th to the 31st can expect their benefits on the last Wednesday of the month.
This payment schedule only applies to those who requested their retirement after May 1997. Workers who retired before this date receive the payment on the third day of the month, regardless of their day of birth. These will be the people receiving their payment tomorrow.
How much will your payments increase this year?
With the 3.2% increase, the average payment of a retired worker for 2024 will increase by approximately $57, which means the checks for 2024 at an average of $1,885.
This is only an approximate amount, which means that the exact number varies depending on the personal situation of each beneficiary. Here is a simple formula with which you can calculate the increase in your payments for 2024: multiply the figure of your current benefits by 1.032.