Social Security: Two payments for the first week of February 2024 | | Mix

This Social Security Administration The United States (SSA) continues with the payment schedule. Thus, in the first week of February, he deposited two groups of beneficiaries. Here we tell you what it is and its amount.

SSA must make 12 annual deposits for an average of 66 million retirees and survivors, as well as 8.7 million Social Security Disability Insurance (SSDI) beneficiaries. It also pays 7.5 million people under the Supplemental Security Income (SSI) program, including adults and children with disabilities or blindness, whose income and resources fall below certain financial thresholds.

Payments for the first week of February 2024

Below, find payments for the first week of February according to the 2024 Social Security calendar:

• Thursday February 1: This payment corresponds to 7.5 million beneficiaries of Supplemental Security Income (SSI).
• Friday 2 February: It was passed on to those who submitted their retirement application before May 1997.

Note: As per the calendar of 12 annual payments, when the 1st falls on a weekend or holiday, the SSI payment is made before the month begins.

What are the amounts received by SSI beneficiaries on February 1, 2024?

According to the SSA, below is the average amount that beneficiaries of the SSI program received in February.

• Individual average payments: US$943
• Average payment per couple: US$1,415
• Essential People: US$473.

How much is the payout to retire on February 2?

This Social Security Administration Issue checks whose value varies significantly, as it is directly related to retirement age and contributions made during one’s working career. Below, find the amounts for February 2024 by retirement time:

• The average payment for a retiree is US$1,907
• Early retirees at age 62 receive a maximum of US$2,654 per month
• For those who retire at age 67, your monthly payment can be up to US$3,743
• Those who delay their retirement till age 70 can get it Maximum payout up to US$4,822.