Who Gets Social Security Checks This Week? $4,873 Checks Will Be Mailed

If you’ve applied for Social Security benefits, you’ll be receiving payments to help cover your living expenses. For retired workers who qualify for the maximum benefit, expect to receive a monthly check of $4,873 next week. However, not everyone is eligible for this amount, as the Social Security Administration (SSA) calculates payments based on factors like your full retirement age (FRA), work history, and contributions to the system during your working years.

Purpose of SSA Programs

The primary aim of SSA programs is to support individuals and families who are at risk of poverty. These funds are intended to cover essential living costs, ensuring that retirees and other beneficiaries can maintain a basic standard of living. The establishment of the SSA in 1935 was a response to the large number of elderly people without employment or sufficient resources to live on, creating a safety net that has continued to evolve.

Who is Eligible?

The SSA disburses benefits through various programs, each with its own schedule. It’s crucial to know which SSA program you are a part of to understand when you will receive your payment. The main programs overseen by the SSA include:

• Supplemental Security Income (SSI)
• Retirement
• Survivor
• Disability

From these programs, all except SSI beneficiaries and those who started receiving benefits before May 1997 will receive Social Security payments this week.

When Will Seniors Receive Checks?

After identifying which SSA program you belong to, you can refer to the SSA’s year-long payment schedule to find out when your payment is due. It’s important to note that you should allow for three mailing days before contacting the SSA about a missed payment. For your convenience, here is a summary of the payment schedule based on birth dates:

• Birth dates from the 1st to the 10th: Second Wednesday of the month.
• Birth dates from the 11th to the 20th: Third Wednesday of the month.
• Birth dates from the 21st to the 31st: Fourth Wednesday of the month.

For those born between the 11th and the 20th of the month, payments will be made starting this coming Tuesday, June 18. Special circumstances may apply if the third Wednesday falls on a federal holiday. Remember, you can receive the maximum benefit amount of $4,873 if you retired at the maximum age of 70.

Knowing when and how much you will receive from Social Security is crucial for managing your finances. The SSA provides a structured schedule to ensure beneficiaries get their payments on time, depending on their birth dates and program eligibility. Stay informed about your benefits to avoid any unexpected financial shortfalls and make the most of the support available to you.

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