Millions of Americans who rely on Social Security benefits are keeping a close eye on their bank accounts as the Social Security Administration (SSA) continues to make monthly payments in July.
With nearly 70 million people receiving retirement, disability (SSDI), or survivor benefits, the distribution of these funds is an important economic pillar for a large portion of the population.
The Social Security Administration (SSA) is an important federal agency that oversees critical programs for millions of Americans. Social Security offers retirement, disability insurance (SSDI), and survivor benefits based on work history and contributions to the system.
Social Security benefits are critical for these groups of people, who view them as a primary source of survival and access to basic services. The economic situation is not the best, so this help becomes crucial.
Which retirees are eligible for the July 9 Social Security payment?
The vast majority of the nearly 70 million Social Security recipients get paid on one of three Wednesdays a month. The exact date is determined by the beneficiary’s birth date. Wednesday, 9 July is the designated date for beneficiaries whose birthdays fall between the first and tenth of the month.
The vast majority of Social Security beneficiaries are retired workers, who receive an average monthly benefit of $2,000.00. However, the maximum monthly retirement check is $5,108.
How much do other SSA beneficiaries receive each month?
Workers with disabilities earn an average of $1,581.97 per month, while survivors’ pension recipients receive an average of $1,566.66 per month.
