The Social Security Administration (SSA) has released its payment schedule for September 2024, announcing when retirees and Social Security Disability Insurance (SSDI) recipients can expect to receive their funds.
These payments, essential for millions of Americans, help retirees and SSDI beneficiaries manage their financial needs.
This guide will provide all the necessary details, including who qualifies for these payments and when you can expect to see money in your bank account.
September 18 Payments for Retirees and SSDI Recipients
For retirees and SSDI recipients, the first round of payments will be made on September 18, 2024. If you meet specific criteria, your payment will be issued on this date. Here’s who qualifies for the September 18 payment:
Who Is Eligible for the September 18 Payment?
- Birthdays Between the 11th and 20th: To qualify for the September 18 payment, you must have been born between the 11th and the 20th of any month.
- Retirement and SSDI Recipients: This payment is for those who receive Social Security retirement benefits or SSDI payments, but not for Supplemental Security Income (SSI) recipients.
- Applied After May 1997: You must not have received SSDI or retirement benefits before May 1997.
If you meet these conditions, your Social Security payment will be deposited directly into your bank account or mailed as a check, and you should receive the funds within 48 hours of the scheduled date.
Average Payment Amounts for September 18
The average monthly payments for retirees and SSDI recipients vary, depending on individual circumstances. Here’s a breakdown of typical payment amounts:
- Retired Workers: The average monthly benefit for a retired worker is $1,920.
- Spouses of Retired Workers: On average, spouses of retirees receive $909 per month.
- Eligible Married Couple: A retired couple may receive around $2,829 in combined benefits.
- SSDI Recipients: The average monthly SSDI payment for workers is $1,539, while spouses of SSDI recipients receive around $421. Together, an SSDI recipient and spouse may receive approximately $1,960.
These payments provide much-needed financial support to individuals and families who rely on Social Security or SSDI benefits.
September 25 Payments for Retirees and SSDI Recipients
If your birthday falls later in the month, your payment will be made on September 25, 2024. This second round of payments is available to those who meet the following criteria:
Who Is Eligible for the September 25 Payment?
- Birthdays Between the 21st and 31st: Individuals born between the 21st and 31st will receive their Social Security payment on September 25.
- Retirees and SSDI Recipients: Like the earlier payment, this is for Social Security retirees and SSDI recipients only, not SSI beneficiaries.
Once again, you must have applied and been approved for Social Security or SSDI payments to qualify for these disbursements.
If you’re unsure about your eligibility or haven’t received an average payment, you may want to explore additional financial assistance programs such as Supplemental Security Income (SSI) or the Supplemental Nutrition Assistance Program (SNAP) to help cover your living expenses.
Payments for Long-Term Beneficiaries: October 3, 2024
For individuals who have been receiving Social Security benefits before May 1997, the next payment date will be October 3, 2024.
These beneficiaries typically have different payment schedules than newer applicants. If you qualify for this group, you can expect your payment at the beginning of October.
Maximizing Your Social Security Benefits
For retirees and SSDI recipients who feel their current benefits are not enough, there are additional programs that can help:
- Supplemental Security Income (SSI): SSI is a need-based program that provides extra financial support for low-income individuals, especially those who are blind, disabled, or over the age of 65.
- Supplemental Nutrition Assistance Program (SNAP): Formerly known as food stamps, SNAP helps low-income individuals and families purchase nutritious food, reducing the burden of grocery bills.
If your current Social Security or SSDI benefits don’t meet your needs, applying for these programs can provide additional financial relief.
For those receiving Social Security or SSDI benefits, knowing the exact payment date is essential for budgeting and financial planning.
If your birthday falls between the 11th and 20th, your payment will arrive on September 18, while those born between the 21st and 31st will receive their funds on September 25.
Long-term beneficiaries receiving payments before May 1997 will receive their next deposit on October 3, 2024.
With average payments of $1,920 for retired workers, $909 for spouses, and $1,539 for SSDI recipients, Social Security benefits provide critical financial support for millions of Americans. If your benefits are not enough, applying for SSI or SNAP can help fill the gap.
FAQs
When will I receive my Social Security payment?
Payments are scheduled for September 18 if your birthday is between the 11th and 20th, and September 25 if your birthday is between the 21st and 31st.
What is the average Social Security payment for retirees?
The average Social Security payment for retirees is $1,920 per month.
How much do SSDI recipients receive on average?
SSDI recipients typically receive an average of $1,539 per month.
Can I get both SSDI and SSI?
Yes, if you meet the financial and health eligibility criteria, you can receive both SSDI and SSI.
When will long-term beneficiaries receive their next payment?
Those who started receiving benefits before May 1997 will receive their next payment on October 3, 2024.
