Social Security IMPORTANT ANNOUNCEMENT: new average payments for SSI, SSDI, and retirement updated
Social Security retirement, Social Security Disability Insurance (SSDI), and Supplemental Security Income (SSI) payments can fluctuate based on the earnings of SSI recipients and the taxes paid to the Social Security Administration (SSA) in the past.
As of September 2024, the average payments for August have shown positive changes compared to July, providing some relief to recipients.
Current Average Payments
- Retirement Benefits: The average monthly check for all retired workers has reached $1,920, an increase of $1 from July. Spouses of retired workers receive an average of $909, while children get around $892. Compared to January, retirement benefits have increased by $13; checks then were $1,907.
- SSDI Payments: Beneficiaries of SSDI saw their average payments rise from approximately $1,489 in December 2023 to $1,539 in August 2024. This represents only a $2 increase compared to January.
- SSI Payments: Currently, the average SSI check stands at $698. While there has been a recent increase, recipients had previously experienced a decrease in their benefits during the last SSA announcement.
Upcoming Payment Dates
The SSA will continue issuing monthly payments in September and October. Recipients should be aware that individual payment amounts may vary. Here are the upcoming payment dates:
SSDI/Social Security Retirement:
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- September 18: For beneficiaries with birthdays from the 11th to the 20th, who are not on SSI and have not received benefits before May 1997.
- September 25: For those with birthdays from the 21st to the 31st, who are also not on SSI and have not received benefits before May 1997.
SSI Payment:
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- October 1: For all eligible recipients, with no other payday scheduled.
Social Security Retirement and Disability Insurance Payment:
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- October 3: For beneficiaries who were on benefits before May 1997 or who are also receiving SSI.
Eligibility Requirements
To qualify for retirement benefits, individuals must be at least 62 years old, have earned enough work credits, and must file for benefits. SSI is designed for low-income individuals, often including those receiving disability insurance or retirement benefits. SSDI is available for individuals who have a disability that prevents them from working for over a year and who have paid sufficient taxes to the SSA.
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