Millions in Social Security Direct Deposits up to $2710 for 62-Year-Olds Coming Sept. 11

Social Security Direct Deposits: For all those who are able to receive Social Security benefits, the new payment will be made on September 11, 2024, if they are 62 years old. Also, there are people who don’t get it: if the person is getting or has ever received a SSI, you’re out of luck, or if you started getting retirement benefits before May 1997.

A also possible scenario for 62-year-olds is that they receive Social Security on September 18 or even on September 25, 2024. Whether you are going to get the payment or not depends on the day you were born in the week regarding the legal payday of up to $2710 with a direct deposit.

Social Security depending on your birth date

This means the earlier it is in the month, the earlier your birthday will ‘trigger’ the administration’s computation for your monthly direct deposit. The next 3 rounds of direct deposits shall be made on or before the second, third and fourth Wednesdays of September, respectively. Check when your birthday allows you to get your payment:

• Birthday from 1-10: payment on September 11
• Birthday from 11-20: payment on September 18
• Birthday from 21-31: payment on September 25

In case you are being paid only on SSI, your subsequent payment shall be received on October 1, 2024. SSI and Social Security retirement benefit recipients will receive payment on October 3, 2024. Also, all those who have been receiving retirement checks since more than 27 years will get the money on October 3.

Also Read: $1312 Stimulus Check Payment September 2024

Social Security direct deposit of up to $2710 for age 62

62-year-olds can only have direct deposits of not more than $2710. Of course, it is a really substantial amount of money; however, it is not very easy to reach such an amount. A senior citizen of 62 years getting these large checks is prohibited from doing so unless he/she has worked for 35 years in SSA-covered jobs and earned the taxable maximum for all those years.

To say the least, filing at 62 or working for 35 is something common. However, although you will easily find many Americans who receive such a big wage, few will get it to pay the taxable maximum for 35 years. Hence, they may receive an average of $1300 only.

By the way, the mean retirement benefit of the overall retired workers is $1,919. Signing for at 62 cuts down on your direct deposit or check by 30%. Thus, it is not something that many can look forward to since rising inflation rates and high cost of living coupled with high cost of medical bills in retirement pose a big problem to the dream of any worker who is looking forward to retiring.

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