Government Aid

These Americans Will Receive $1,916, $910, or $893 – When Their Social Security Arrives in July

By Ehsteem Arif

Published on: July 8, 2024

The amount of money you can receive from Social Security is influenced by the number of years you worked, the age at which you file, and your wages. However, American families can sometimes access additional funds through benefits available on the worker’s record. This article looks into how to maximize your benefits and provides important payment dates.

Contents

• 1 Extra Money for Families
• 2 Payment Dates
• 3 Average Payments
• 4 Maximizing Your Benefits
  • 4.1 Planning Ahead
• 5 Key Considerations
  • 5.1 FAQs
  • 5.2 Who qualifies for extra Social Security benefits?
  • 5.3 When are the upcoming Social Security payment dates?
  • 5.4 What are the average Social Security payments for retirees?
  • 5.5 How can delaying retirement affect Social Security benefits?
  • 5.6 What is the average payment for spouses of Social Security recipients?

Extra Money for Families

Eligible family members of a Social Security recipient can receive additional benefits. Spouses who meet specific requirements may qualify for checks, and dependents can receive benefits once the primary worker files for retirement. These additional funds can significantly enhance a family’s financial stability.

Payment Dates

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Social Security payments are scheduled based on the recipient’s birthdate. After the July 3 payment, the next three payment dates are as follows:

• July 10: Birthdates from 1-10
• July 17: Birthdates from 11-20
• July 24: Birthdates from 21-31

These dates apply to recipients who are not on Supplemental Security Income (SSI) and did not start receiving benefits before May 1997.

Average Payments

The amount of Social Security benefits varies based on the recipient’s category. Here are the average payments:

• Retired Workers: The average payment is $1,916. The maximum benefit at age 62 is $2,710, increasing to $4,873 at age 70.
• Spouses of Workers: The average payment is $910, which is slightly less than half of what the worker receives.
• Children of Retired Workers: The average payment is $893 as of May 2024.

Maximizing Your Benefits

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To maximize your Social Security benefits, consider delaying your retirement. The longer you wait to file, the higher your monthly benefits will be. Early filing can result in reduced payments, so if you are still working, delaying your retirement can provide a substantial increase in your Social Security income.