Who will receive $1,900 from Social Security on January 24?

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 whose birth dates fall from the 21st to the 31st can expect their benefits on the fourth Wednesday of the month. This is the group that will be receiving their checks next week.

Others who were born between the 1st and 10th receive the money on the second Wednesday of the month, while those who were born between the 11th and the 20th get their check on the third 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.