As we gear up for the last stretch of the year, something special is on the horizon for all our Social Security beneficiaries: it’s payout time, one more time. First things first, what’s the scoop on that sweet cash? Well, on average, recipients are looking at a nice $1,800 check or bank deposit landing in their pockets. Every single month, the Social Security Administration is like the fairy godparent to over 70 million people, most of whom are kickin’ back in retirement.
Now, let’s take a look at this: If you’re eyeing 2023, the magic number for retirees is an average of $1,827. But hold your horses – this ain’t a one-size-fits-all deal. Your payout depends on matter like your work history, your paycheck’s size during the working years, and the chunk of change you tossed into the Social Security piggy bank. Oh, and don’t forget when you decided to take the dip into retirement.
Social Security Payment Dates in December 2023
Regarding the disbursement of payments, the allocation of funds occurs every Wednesday, with the specific date contingent upon your date of birth. Individuals falling within the 1st to the 10th day of the month receive their financial disbursement on the second Wednesday. Meanwhile, those celebrating their birthdays from the 11th to the 20th find their accounts enriched on the third Wednesday. For those born between the 21st and the 31st, the culmination of the month heralds the arrival of their financial windfall on the last Wednesday.
However, there is a unique circumstance for individuals affiliated with Team Supplemental Security Income (SSI) or those who concluded their active employment before May 1997. In this case, financial disbursements are scheduled for the initial day of each month.
Circle These Dates on Your Calendar
- December 1: SSI beneficiaries and those who began receiving their payments before May 1997
- December 13: Beneficiaries with a date of birth from the 1st to the 10th
- December 20: Beneficiaries with a date of birth from the 11th to the 20th
- December 27: Beneficiaries with a date of birth from the 21st to the 31st
So there you have it – the lowdown on the Social Security payout dance this December. Get ready to jingle all the way to the bank.
What If My Social Security Payments Are Delayed?
If you’re experiencing a delay in your Social Security payments, don’t worry—it happens to the best of us. The Social Security Administration might encounter various reasons for delays, such as processing issues or updates to your account information.
The first step is to stay calm and patient. Give it a little time; delays can often be resolved without much hassle. However, if the delay persists or if you’re concerned, it’s a good idea to reach out directly to the Social Security Administration.
You can contact them through their toll-free number at 1-800-772-1213. Be sure to have your Social Security number handy and any relevant information about your claim. The friendly folks at Social Security are there to help you, so don’t hesitate to give them a call and get the information you need.