Social Security Update: Monthly payment worth an average of $1,668 will go out to millions in five days
Social Security recipients born between the 21st and 31st of their month of birth will receive their regular checks on November 23. according social security administration. Those whose date of birth is before the 21st have already received their checks for the month of November.
Monthly retirement benefits are paid to beneficiaries in three waves, with all three taking place on Wednesdays. Waves of payments are divided by the recipients’ birthdays.
The first wave of checks is always sent on the second Wednesday of each month to people born from the 1st to the 10th of their month of birth, with that month’s payment sent to this group on November 9th. The second wave of checks was sent on the third Wednesday of the month, November 16, for people born from the 11th to the 20th of their month of birth, by the ASS.
Regular Social Security payments are based on income throughout a person’s lifetime and have no limits based on income or means.
These checks differ from other agency-distributed payments, such as disability insurance or supplemental security income. This last check should be paid to the beneficiaries on December 1st.
Analysts estimate Social Security insolvency may occur as early as 2034 unless Congress takes action to prevent it.