July Social Security Payments: Who Will Receive Them and How Much?

As every month, in July, the Administration of the Social Security (SSA) send money to different recipients, such as retired workers, survivors. It also mandates disability payments, which include the Supplemental Security Income (SSI) program and Social Security Disability Insurance (SSDI).

SSA has already sent some payments for this month and will continue to send missing payments. We explain how much money is sent on average and which payments are sent next July 19.

Social Security checks: how much money is being sent in 2023?

Thanks to the 8.7% increase in the cost of living adjustment (COLA), median retiree payments increased to $1,827, revealed the SSA in January. The maximum benefit for those who retire at age 62 is $2,572 per month, from $3,627 for workers retiring at full retirement age (67) and $4,555 for those who retire at age 70 or later.

On the other hand, the average payments of the Supplemental Security Income (SSI)They are from around $550 dollars a month. The maximum monthly SSI benefit is up to $914 for an individual and $1,371 for a couple married where both spouses are eligible for the program.

$1,800 Social Security Payments on July 19: Who Will Get It?

According to the schedule established by the SSA, generally, Supplemental Security Income (SSI) benefits are mailed on the first day of each month. However, on some occasions, if the first day of the month falls on a Saturday or Sunday, the payment is advanced to the last Friday of the previous month.

On the other hand, the days 3 of each month, SSA sends the money to who began receiving their Social Security payments before May 1997. If the third day of the month falls on a Saturday or Sunday, the payment is also advanced.

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The rest of the checks are sent every Wednesdayaccording to date of birth of the beneficiaries:

Social Security checks: payment dates in July 2023

Taking into account the previous schedule, on July 3, the SSA already sent the payment of the beneficiaries who began to receive their payments before May 1997. In addition, on July 12 the payment of the beneficiaries with an expiration date was sent. birth between 1 and 10. The following payments are scheduled as follows:

Payments are sent by direct deposit to beneficiaries who have shared their banking information. The rest is sent via postal mail.

Why aren’t Supplemental Security Income (SSI) payments sent out in July?

Recipients of the SSI program receive their payments on the first day of each month; nevertheless, If the first day of the month falls on a weekend, payments are sent in advance. This happens in July.

Because the first day of July fell on a Saturday, this month’s SSI payment was advanced and mailed on June 30th. That is why SSI recipients received two payments in June, but have no payments scheduled in July.