By Arlenys Tabare
Every month, more than 70 million older adults retired and insured by social programs in the United States receive their payments from the Social Security Administration (SSA). with amounts that can reach up to $5,000 this year.
For the distribution of this money, Social Security established a calendar or payment schedule in which beneficiaries can know in advance their collection dates and in this way better manage their finances, since a large part of this population depends solely on these benefits.
What days are the payment dates?
In the case of retirees who requested their withdrawal before 1997, they receive their money on the first days of the week, just like the beneficiaries of the Supplemental Security Income (SSI) that has a collection date of June 1, 2026.
For its part, For older adults retired after 1997, the entity distributes the benefit in three rounds, dividing retirees depending on their date of birth, so for the month of June the payment schedule was as follows:
- Wednesday, June 10: retirees born between the 1st and 10th of any month.
- Wednesday, June 17: retirees born between the 11th and 20th of any month.
- Wednesday, June 24: retirees born between the 21st and 31st of any month.
How much is the monthly amount?
As for the amounts allocated, that depends on several factors, but mainly on your retirement age, since anticipating or delaying your withdrawal request may mean more or less money in your monthly payments.
- Retirees at 62 receive $2,000.
- Retirees at age 65 receive $3,000.
- Retirees at age 70 receive $5,000.
Finally, it is estimated that this year the Social Security Administration will calculate a COLA adjustment of 3.9% for next year, according to projections from The Senior Voters League, which would represent an unparalleled increase unlike previous years.
Keep reading:
- Social Security COLA 2027 would be almost 4%, according to a new estimate
- Can Social Security benefits be garnished for debt or what can you do?
- Are you about to retire? 5 things to do before requesting your withdrawal
- Analysis reveals that one in five retirees in the US is looking for work due to economic need
