HomeSocial SecurityMillions of Americans Get Social Security Benefits Worth $1,672 TODAY – See How Your Birthday Affects the Schedule
Millions of Americans Get Social Security Benefits Worth $1,672 TODAY – See How Your Birthday Affects the Schedule
September 21, 2022
SOCIAL Security payments of up to $1,672 each have been sent to millions of Americans.
Recipients whose birthdays fall between September 11 and September 20 will receive checks today.
Social Security benefits are distributed on Wednesdays each month based on your birthday.
Those with birthdays on the first through the 10th are paid on the second Wednesday of every month
Those with birthdays on the 11th through 20th are paid on the third Wednesday of every month
Those with birthdays on the 21st through the 31st are paid on the fourth Wednesday of every month
In August, the average retirement benefit was $1,672, with a total of more than 65 million beneficiaries.
The COLA is based on data from the consumer price index and has been increased by 5.9% for 2022.
For a couple receiving benefits, the average estimated monthly payment at the beginning of the year rose from $2,599 to $2,753.
When Social Security Benefits Go Out
The Social Security benefits are based on your list of covered income. Your pay is based on your highest income of 35 years and can vary depending on how much you earn and when you choose to start receiving benefits.
The full retirement age is 66 if you were born in the period 1943 to 1954.
The full retirement age gradually increases if you were born between 1955 and 1960, until you are 67 years old. For anyone born in 1960 or later, full retirement benefit is due at age 67.
You can check your eligibility and apply for the program online.
Here is the payment schedule for the rest of the year.
Wednesday 14 September
Wednesday September 21
Wednesday September 28
Wednesday October 12
wednesday 19 october
Wednesday October 26
Wednesday 9 November
Wednesday November 16
Wednesday November 23
Wednesday 14 December
wednesday 21 december
wednesday 28 december
We explain how much you get in Social Security, as well as SSI and SSDI.
In addition, this personal finance expert will help you calculate how much you need for your retirement.