This August has become unusual for people who collect social security as the payout days change due to weekends. The modification is significant because about 68 million Americans rely on social security every month. This category incorporates pensioners, survivors, disabled persons, and all others who survive on that money.
This information has been given as follows:
- The payment will be made on August 14th (Wednesday) to those who were born on the 1st – 10th of August.
- You will be receiving your payment on Wednesday, August 21 if you were for example born between the 11 and the 20.
- If you were born between the 21 and the 31, then your payment will be made on Wednesday, August,28.
For SSI beneficiaries, payments are usually made on the first day of each month. However, due to Sunday, September 1, 2024, the September payment date is extended to Friday, August 30th. This means that SSI recipients will receive two payments in August and none in September.
If you believe your payment is not in place, you may call the Social Security Administration (SSA) after waiting for at least three business days. The national toll-free number of SSA is 1-800-772-1213, which operates on weekdays between 8 a.m. and 7 p.m. local time. For fast service, it is better to dial during mornings, weekends or next month.
August’s $600 increase seems not true
Social security benefits are computed on your maximum earnings in 35 years with a formula used to get your primary insurance amount. When you start getting the benefits at an earlier or later age, it affects the amount you get; waiting until you clock 70 years could mean paying more.
Being cautious is very important because of scams. There has been recently some wrong information about the $600 enhancement in Social Security. This fraud suggests that a payment of six hundred dollars will be made available come August of the year 2024 which is untrue as SSA has no extra requirements for making any Cost-of-Living Adjustment (COLA) other than announcing it by October and finally implementing it by January.
“Reportedly, these reports are often fraudulent, and scammers use them for identity theft or to defraud people out of money,” says Inspector General Gale S. Ennis. The Social Security Commissioner Martin O’Malley also cautions against “This is not true – we have heard this before that individuals will receive an extra $600 each month.”