Who will receive $1,900 Social Security payments on Wednesday, June 12?
Some Social Security beneficiaries will receive an average payment of $1,900 on Wednesday, June 12. Find out if you are one of the recipients.
A new round of Social Security payments will be sent this week. On Wednesday, June 12, the Social Security Administration (SSA) will issue the second check to be released for the month of June. Most of the beneficiaries are retired workers.
The SSA issues payments based on the recipients’ date of birth, while the amount that they will receive will depend on various factors. In the case of retirees, these include the number of years worked, the taxes paid during that period, and the age at which they requested retirement. The longer you wait to request your retirement benefits, the higher the monthly payment will be.
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How much is the average monthly Social Security payment?
Social Security payments increase annually to avoid the loss of purchasing power for beneficiaries, especially when inflation is high. This increase is known as Cost of Living Adjustment (COLA). With the 3.2% COLA increase in 2024, SSA estimates put the average payment for a retired worker at $1,900 and $3,303 for couples filing jointly. For SSI beneficiaries, the approximate amount is $943 for individuals and $1,415 for couples.
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Who will receive $1,900 Social Security payments on Wednesday, June 12?
The SSA issues new payments on Wednesdays based on the beneficiaries’ date of birth. People born between the 1st and 10th receive their money on the second Wednesday of the month. Those born between the 11th and the 20th get it on the third Wednesday, and those born between the 21st and the 31st receive their money on the last Wednesday of the month.
Workers who retired before May 1997 and SSI beneficiaries do not fall into the previous schedule since they receive their money on the first day of the month, regardless of what day they were born.
The people who will receive an average payment of $1,900 on Wednesday, June 12, are beneficiaries with a birth date between the 1st and the 10th. For the rest of the checks for the month, the dates are as follows:
- Tuesday, June 18: Beneficiaries with a date of birth between the 11th and the 20th (sent on Tuesday because
Wednesday, June 19 is Juneteenth Day) - Wednesday, June 26: Beneficiaries with a date of birth between the 21st and the 31st