Each month, the Social Security Administration (SSA) disburses millions of payments to its beneficiaries, primarily comprising retired workers. Nevertheless, among these recipients, there are individuals with disabilities who might qualify for Supplemental Security Income payments (SSI) or Social Security Disability Insurance (SSDI).
Regardless of your circumstances, if you are a Social Security beneficiary, the Administration will automatically send your payment on a monthly basis as per the designated distribution schedule. In the following section, we will elaborate on individuals who will be receiving a payment of up to $914 dollars on August 1. The exact monthly amount received by individuals depends on their specific circumstances.
August 1 Direct Payments from Social Security: Who Qualifies for the $914?
As per the SSA’s data for 2023, retired workers in the United States receive an average monthly payment of $1,827. On the other hand, SSI recipients may qualify for an average payment of $550 per month, with the possibility of receiving up to $914 as the maximum benefit for an individual or $1,371 for a married couple where both spouses are eligible for the program.
For retired workers, the payment date is tied to their birth date, while SSI recipients typically receive their checks on the first day of each month unless it falls on a weekend or a holiday. In such cases, the payment is issued on the preceding business day. For instance, the payment due for July was sent on June 30 for this reason.
Consequently, on August 1, individuals who will be receiving a payment of up to $914 are those enrolled in the Supplemental Security Income (SSI) program.
August Social Security Payment Schedule
The payment date for retired workers is determined by their date of birth. If their birthday falls between the 1st and 10th of the month, they receive their payment on the second Wednesday of each month. For those born between the 11th and 20th, payments are made on the third Wednesday, and for individuals born between the 21st and 31st, payments are issued on the last Wednesday of the month.
Based on this schedule, the payment dates for August are as follows:
- 1st August: Payments for SSI Recipients
- August 3: Payments for beneficiaries who began receiving payments before May 1997
- August 9: Payments for beneficiaries born between the 1st and 10th of the month
- August 16: Payments for beneficiaries born between August 11 and 20
- August 23: Payments for beneficiaries born between August 21 and 31
Beneficiaries who started receiving their payments before May 1997 receive their checks on the first Wednesday of the month.