From the age of 62, workers who retire in USA receive the famous Social Security Check. Since 1940, the Social Security Administration (SSA) has sent their pension to these retirees on a monthly basis and on average the amount they receive each month is $1,827, according to the SSA. It should be noted that these amounts may vary depending on the age range and the individual contributions that have been made throughout their employment.
For this 2023, checks will continue to be distributed in the USA as the basic basket continues to increase, so this money helps cover these types of expenses. In the following information, find out all the details so that you can collect and find out what the estimated payment dates are according to the calendar that has been established for this year.
How much did the payments increase and who receives it?
With the 8.7% COLA increase, retiree payments will increase by about $146. According to the SSA, average payments during January of this year were $1,827. On the other hand, average payments for Supplemental Security Income (SSI) recipients will increase to about $656.
- Now, the average Social Security check will be $1,827 for retired workers, which is an increase of $146 from the average check in 2022.
- Couples in which both spouses receive Social Security benefits will receive, on average, a check for $2,972.
- A widower with two children will receive, on average, a check of $3,520.
- A widower will only receive, on average, a check for $1,704.
- A disabled worker with his partner and a child will receive, on average, a check of $2,616.
- Disabled workers will receive, on average, a check for $1,483.
- In the case of Supplemental Social Security (SSI), the standard check will be $914 for individuals and $1,371 for couples.
When do they pay the Social Security Check?
It should be noted that SSI recipients receive their payments on the first day of each month. On the other hand, those who began receiving their Social Security payments before May 1997, receive their benefits on the 3rd of each month.
Meanwhile, the rest of the Social Security checks are sent based on the recipient’s birthday.
- On the second Wednesday of the month, the payments of retirees with a date of birth between the 1st and 10th are sent.
- The third Wednesday of the month the money is sent for beneficiaries born between the 11th and 20th.
- On the fourth Wednesday of each month, payments are sent for those born between the 21st and 31st.