INCOMING CASH: Three chances to get Social Security payment worth up to $5,706 – but your birthday determines when you’ll get the money

According to The Sun, As October approaches, Social Security recipients should prepare for their next payment. However, the exact date you receive your payment depends on your birthdate and how long you’ve been receiving benefits.

October 2024 Payment Schedule

Here’s the payment breakdown for October:

• October 9: For those born between the 1st and 10th of any month
• October 16: For those born between the 11th and 20th of any month
• October 23: For those born between the 21st and 31st of any month

How the Payment Date Is Determined

Typically, Social Security payments start on the second Wednesday of each month. The exact Wednesday you receive your payment depends on your birthdate:

• Earlier birthdays receive payments on the second Wednesday.
• Later birthdays receive payments on the third or fourth Wednesday.

Exception: If you’ve been receiving benefits since before May 1997, your payment is issued on the 3rd of each month, regardless of your birthdate.

What to Do If You Didn’t Receive a Check

If your Social Security check doesn’t arrive on the expected date, the Social Security Administration (SSA) recommends waiting an additional three mailing days before contacting them. After that, call the national toll-free number at 1-800-772-1213.

Also read: Final Social Security checks worth $1,907 delivered today – but Americans will get three chances for cash in weeks

• It’s best to call in the morning or later in the week to avoid long wait times.
• You can also use the SSA’s office locator to contact your local office.

Concerns About Social Security’s Future

With over 70 million Americans relying on Social Security, concerns about the program’s future are growing. According to the SSA’s annual trustees report, the trust fund reserves are projected to be depleted by 2035.

• Without additional funding, beneficiaries may see their payments reduced to 83% of the full amount.
• Shannon Benton, executive director of the Senior Citizen’s League, emphasized the need for presidential candidates to present clear solutions for safeguarding the program.

Upcoming Social Security Updates

• Two Payments in November: Beneficiaries will receive two checks in November. Keep an eye on the exact dates.
• The next COLA (Cost of Living Adjustment) announcement date is also coming soon.

Stay informed to ensure you receive your benefits on time and stay up to date with any changes affecting Social Security.