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Millions of Social Security Recipients Will Get 2 Payments This Month
By Julia Glum MONEY RESEARCH COLLECTIVE
Due to a quirk in Social Security payment dates, people who get Supplemental Security Income, or SSI, will receive two checks in August.
If you get Social Security checks, keep an eye on the calendar: Certain beneficiaries will receive two payments in August.
The scheduling change affects Supplemental Security Income, or SSI, which is a Social Security program that provides financial help to low- and no-income Americans who don’t have many resources and are blind, disabled, or age 65 and up. According to the latest data from the Social Security Administration, about 7.4 million people receive SSI every month.
When does SSI go out in August?
Usually, the U.S. government sends out SSI checks on the first of the month. That is the case in August — beneficiaries can expect their regular SSI payment on Thursday. But, in a twist, they’ll also get paid Aug. 30.
That’s because the typical SSI payment date for September falls on a Sunday this year. Whenever a payment would fall on a weekend or holiday, the Social Security Administration moves the payment date to the business day right before it. In 2024, that’s Friday, Aug. 30.
That means there will technically be no SSI payment in the month of September. The next check will go out on Oct. 1 like normal.
For SSI recipients, this is just a calendar quirk to be aware of. It happens semi-regularly: Already this year, May had two SSI payments. November will, too.
When will I get my Social Security payment for August 2024?
People who receive SSI and Social Security, as well as those who started getting Social Security before May 1997, also have a tweaked schedule this month. Their Social Security payments, which typically would be sent on the third (this Saturday), will instead be paid on Friday.
Folks who don’t fall into any of these categories should receive payments as usual in August. Social Security payment dates are based on their birthdays.
People born between the first and 10th of the month should be paid Aug. 14, people born between the 11th and 20th of the month should be paid Aug. 21, and people born between the 21st and 31st of the month should be paid Aug. 28.
More from Money:
Social Security Benefits Have Lost 20% of Their Buying Power Since 2010: Report
Social Security COLA for 2025 Could Be Over 2.6%, According to New Predictions
This Bill Aims to Fix Social Security by Eliminating Taxes on Benefits
Julia Glum is Money's news editor, keeping her finger on the pulse of financial trends that affect Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. A 2014 graduate of the University of Florida's journalism school, she previously covered breaking news, politics and education at Newsweek and International Business Times. Julia joined Money in 2018; during her time as a reporter, she wrote frequently about Amazon, passive income, stimulus checks and creative ways people make money online (think: Vine compilations, Cash App Friday and Facebook gift groups). As an editor, she oversees Money’s tax coverage, which includes extensive reporting on tax credits, year-to-year policy changes, tax refunds and the IRS’s ongoing efforts to modernize. For several years, Julia has assisted with Money’s annual Best Colleges rating and Best Places to Live rankings. Recently, she also led Money’s 50th anniversary celebrations, producing the Money Classic newsletter and rolling out Changemakers, a project profiling 50 innovators working to revolutionize personal finance. Julia has interviewed National Taxpayer Advocate Erin Collins, actor Danny Devito, Nobel Prize-winning economist Robert Shiller, rapper Killer Mike, real estate guru Ryan Serhant and many others. Her work has been cited or otherwise shared by the New York Times, Washington Post, Vox, theSkimm, Mashable, CNBC and POLITICO. She’s appeared on Good Morning America, CBS News, PIX11, WGN, the Mountain West News Bureau and more. Julia is based in New York City. You can find her at juliaglum.com.