By Arlenys Tabare
Dec 11, 2023, 10:57 AM EST
At least Some 70 million retirees, people with disabilities and older adults benefit from monthly Social Security checks and payments from the various programs of the Social Security Administration (SSA).
These monthly payments are distributed depending on the days of birth if it is for retirees and other conditions if it is for beneficiaries of the Guaranteed Security Income (SSI), among others.
In the case of retirees The average amount of these payments in 2023 reached $1,827 dollars, But the exact figures depend on several factors such as; the retirement age, the years worked and the number of contributions.
For their part, SSI beneficiaries receive an average payment of $1,371 if they receive the benefit as a couple and $914 for individuals. Nevertheless, Next year, these amounts will increase due to the 2024 Cost of Living Adjustment (COLA) of 3.2% which raises the checks to $50 more.
As we had detailed, payments to retirees are distributed depending on the day of birth, this marks the date on which each month they receive their check, in this case, Retirees born between the 1st and 10th of any month receive their payment this Wednesday, December 13.
Retirees born between the 11th and 20th receive their payment on Wednesday, December 20, and finally The last round of payments will be made on December 27 and corresponds to retirees born between the 21st and 31st of any month.
The average amount as mentioned above is $1,800 for retirees; However, this may vary depending on factors such as retirement age, in this case at 62 years of age, which is At the earliest retirement age you can expect a check of $2,572 per month.
Those who retire at full age, which is 67, obtain a monthly payment of $3,627 dollars, but Those workers who wait until age 70 to retire receive a maximum payment up to $4,555 dollars per month.
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