SSI and SSDI Payment Schedule for July, August, and September 2024 – Dates and Amounts

Published on: July 21, 2024

Knowing the intricacies of Social Security benefits, particularly Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), is vital for beneficiaries. This article will look into the payment schedule and amounts for SSI and SSDI for the months of July, August, and September 2024, along with key adjustments influenced by economic factors such as inflation.

Schedule

SSI and SSDI are designed to aid Americans who are disabled or have inadequate earnings. Payments are distributed monthly, with SSI typically issued on the first of each month. SSDI payments, however, are determined by the recipient’s birthdate and are paid on the second, third, and fourth Wednesday of each month. If a scheduled payment day falls on a holiday, the payment is made on the preceding business day.

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Dates

For the months of July, August, and September 2024, the SSI payments will be disbursed on the 1st of each month. The SSDI payment dates are segmented by birthdate:

Birthdate from 1st to 10th: Payments on the second Wednesday (10 July, 14 August, and 11 September)
Birthdate from 11th to 20th: Payments on the third Wednesday (17 July, 21 August, and 18 September)
Birthdate from 21st to 31st: Payments on the fourth Wednesday (24 July, 28 August, and 25 September)

It’s essential for beneficiaries to verify these dates on the official government website as they are subject to change.

Amount

In response to rising costs of living and inflation, the SSA has applied a Cost of Living Adjustment (COLA) of 3.2% to benefit amounts. For 2024, the average Social Security retirement benefit at full retirement age is approximately $1,907, with the maximum reaching up to $4,194. These figures are estimates and can vary based on factors like individual earnings histories and early retirement.

Eligibility

To qualify for SSI or SSDI payments, individuals must meet specific criteria:

Age 65 or older, or suffering from a disability or severe illness expected to last at least one year or result in death.
Limited income and resources, including cash, investments, and savings.
U.S. residency is required, and the payment amount may vary depending on the living situation.

Access

Beneficiaries can monitor their payment status and details by creating a My Social Security Account on the official SSA website. This online portal allows users to view their payment history, upcoming payment dates, and amounts. Keeping informed through the official SSA and government websites is recommended for the most accurate and up-to-date information.

As these programs are crucial for many individuals’ financial stability, knowing the payment schedules and amounts is essential. Regular updates and checks on the official websites will ensure beneficiaries remain well-informed.