In August 2023, The average Social Security payment paid to retired workers was $1,840. Another round of payments to more than 60 million beneficiaries is expected to be made this month. Not all, but Receive $1,800based on 2022 data. of Median payment amount The amount was $1,590. This means that his 50% of beneficiaries received checks above this number and the remaining beneficiaries received checks below this number.of 10 percent of beneficiaries will have a minimum payment of about $766,on the other hand, up to 10 percentlooked at monthly check totals $2,535.
Based on available information regarding the distribution of payments; Less than half of recipients receive checks of $1,800 or more.
When will my checks be distributed?
The date on which an individual receives payment from the Social Security Administration Depends on date of birthand the The amount they are paid depends on the number of years they spend in the labor force and the income they earn during that period.. For workers who retired before May 1997, checks are always distributed on his first day of the month (unless the first day falls on a holiday or weekend).
- People born between the 1st and the 11th will receive a payment on the second Wednesday of each month.
- Those born between the 11th and 20th will receive payment on the 3rd Wednesday.and
- Those born between the 20th and 31st will receive payment on the 4th Wednesday.
On October 11th, those born between the 1st and 11th will receive a payment.
October 2023 Payment Schedule
For the remaining payment, The rest of October’s calendar is as follows:
- October 18th: Recipient whose date of birth is listed From the 11th to the 20th
- October 25th: Recipient whose date of birth is listed Between 21:00 and 31:00
In October, SSI beneficiaries received October payments on Friday, September 29thbecause The first day of the month was Sunday.
