Social Security recipients and Supplemental Security Income (SSI) beneficiaries will receive their monthly payments in October 2024, with the schedule varying based on payment type and birthdate. SSI payments, which are typically distributed on the first of the month, will be sent on October 1st.
For Social Security recipients, payment dates depend on their birthdate. Those born between the 1st and 10th of the month will receive their benefits on October 9th. Recipients born between the 11th and 20th will be paid on October 16th, and those born between the 21st and 31st will receive their payments on October 23rd.
Beneficiaries who began receiving Social Security before May 1997 or receive both Social Security and SSI will generally receive their payments on October 3rd.
The amount beneficiaries receive is based on their earnings history and contributions to the Social Security system. The average Social Security retirement benefit in 2024 is around $1,900 per month. It is important to note that this schedule is subject to change, particularly in cases of federal holidays or unforeseen circumstances.
find the original article here: https://finance.yahoo.com/news/social-security-retirees-oct-15-094800885.html