The Social Security Administration (SSA) is responsible for giving monthly payments to retired people in the U.S. This article will explain who gets the remaining Social Security payments for July 2024,
the rules you need to follow to get these payments, and how your birthdate affects when you receive them. We’ll also discuss how much money you might get and answer some common questions.
Who Can Get Social Security Payments in July?
To get Social Security payments, you must meet these requirements:
- Apply and Get Approved: First, you need to apply for benefits. It usually takes about three to four months to get approved. You can track your application status through your mySocialSecurity account.
- Not Receiving SSI Only: If you only get Supplemental Security Income (SSI), you should have already received your payment on the 1st of the month. If not, contact the SSA.
- Started Receiving Before May 1997: If you began receiving benefits before May 1997, your payments are given on the 1st or 3rd of each month.
- Birthdate Affects Payment: Your payment date depends on your birthdate and when you started receiving benefits.
Social Security Payment Dates and Birthdates
Here’s when you will receive your Social Security payments based on your birthdate:
- July 17, 2024: If you were born between the 11th and 20th of any month and started getting benefits after May 1997, you will receive your payment on this date.
- July 24, 2024: If you were born between the 21st and 31st of any month and started getting benefits after May 1997, you will get paid on this date.
If you were born between the 1st and 10th and already received your payment on July 10, your next payment will be on August 14, 2024.
Special Rules for People Living Outside the U.S.
If you live permanently outside the U.S., your payments are sent on the 1st of each month, no matter when your birthday is.
How Much Money Will Retirees Receive?
The amount of Social Security money you get depends on when you started claiming benefits and your work history. Here are some average figures for 2024:
- Average Payment: The average monthly Social Security check is $1,907.
- Maximum Benefit: If you paid the maximum into Social Security for 35 years and retired at age 70, you could get up to $4,873 per month.
- Early Retirement: If you retired at age 62 with the maximum contributions, your benefit could be up to $2,710 per month.
Most retirees will get somewhere between these amounts. To get the most out of your benefits, it’s important to understand these numbers and plan your retirement well
Understanding how Social Security payments work is key to making sure you get the money you deserve when you retire. The payment dates and amounts depend on your birthdate,
when you started receiving benefits, and your work history. By staying updated on these rules, you can make better decisions for your retirement. If you have more questions, visit the SSA website or contact them for help.
1. How do I apply for Social Security benefits?
You can apply online through the SSA website or visit a local SSA office. The process usually takes three to four months.
2. What happens if I only receive SSI?
If you only get SSI, your payment should have arrived on the 1st of the month. If not, contact the SSA for help.
3. When will I receive my payment if I was born on the 15th of a month?
If you were born between the 11th and 20th of any month, your payment will come on July 17, 2024.
4. How much money will I get from Social Security?
The amount varies based on your work history and when you started claiming benefits. In 2024, the average payment is $1,907 per month.
5. What if I live outside the U.S.?
If you live permanently outside the U.S., you will receive your Social Security payments on the 1st of each month, regardless of your birthdate.
