Who will receive $1,900 from Social Security on May 3?
The Social Security Administration has begun sending out this month’s payments. Find out which beneficiaries will receive their money on Friday, May 3.
The Social Security Administration (SSA) has already begun sending out May payments for retired workers and survivors, as well as checks for Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).
On May 1, the SSA sent money to SSI beneficiaries, but it is not the only payment they are handing out this week, since on Friday, more people will receive their checks for this month.
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Social Security: Beneficiaries who will receive $1,900 on May 3
Thanks to the cost of living adjustment (COLA), average payments for retired workers rose to just over $1,900 this year. However, the amount varies from one beneficiary to another.
As indicated in the SSA payment schedule, Supplemental Security Income payments are sent on the first day of each month. This year, SSI benefits are $943 for individuals and $1,415 for couples.
Meanwhile, on Friday, May 3, money will be sent to beneficiaries who began receiving their payments before May 1997.
The rest of the Social Security checks (retirees, survivors and SSDI) will be sent on Wednesdays, depending on the day of birth of the beneficiaries. In addition, SSI beneficiaries will receive another payment. Here is the payment schedule for May:
- Friday, May 3: Beneficiaries who began receiving their payments before May 1997
- Wednesday, May 8: Beneficiaries with a date of birth between the 1st and the 10th
- Wednesday, May 15: Beneficiaries with a date of birth between the 11th and the 20th
- Wednesday, May 22: Beneficiaries with a date of birth between the 21st and the 31st
- Friday, May 31: SSI beneficiaries (payment corresponding to June)
The SSA schedule establishes that if the first day of the month is a weekend or holiday, the Supplemental Security Income payment is advanced. Because June 1 is a Saturday, the SSI payment is sent earlier on Friday, May 31.
SSI payments are sent via direct deposit to beneficiaries who have provided a bank account to SSA or via mail.
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How much money is sent each month from Social Security?
While average payments for retired workers rose to just over $1,900, other Social Security payments are as follows for 2024:
- Surviving spouse with two children: $3,540 to $3,653
- Single elderly surviving spouse: $1,718 to $1,773
- Worker with a disability, his or her spouse, and one or more children: from $2,636 to $2,720
- All workers with a disability: from $1,489 to $1,537
As for the maximum benefits, at age 62 they are $2,710; at age 65, $3,426 and at age 66, $3,652. For payments claimed at full retirement age (67 years for people born after 1960), the maximum benefit is $3,822.
Finally, workers who delay their retirement up to age 70, are eligible for a maximum payment of $4,873.