Find out when the $4,873 check will be sent

Retired workers, survivors and people with disabilities receive four payments each month, with minor variations in some months due to payment dates falling on federal holidays or weekends. These minor variations are determined and announced by the federal government. Social Security Administration (SSA)Which is the federal agency responsible for distributing Social Security payment checks to more than 72 million beneficiaries in the United States. If you are a retired worker, check here for the next payment date for the $4,873 monthly check.

Social Security payments It is essential for millions of seniors aged 65 and above to cover the costs of daily living, health care, housing, entertainment, taxes, debts, travel and hobbies. If they did not receive these checks, many seniors would find it difficult to make ends meet and would eventually sink into poverty. Even though 12% of seniors are needy today, more than half of them would be needy if Social Security did not provide them with monthly benefits that allow them to get by. The Economic Policy Institute reports that 30% of elderly beneficiaries receive 90% or more of their income from Social Security benefits, while the remaining 2/3 receive 50% or more of their total income from Social Security.

When will retirees get their $4,873 Social Security payment in June?

According to the Social Security payment schedule for this month, retired workers will receive their monthly benefit on the third day of the month for seniors who claimed their Social Security payments before May 1997, and the other 3 remaining rounds of payments will be received on the second, third, and fourth Wednesday of the month. For example, if you are eligible for retirement benefitsCheck all the upcoming payment dates for the next month below:

  • June 3 (Monday): Payments for retirees who claimed Social Security payments before 1997.
  • June 12 (Wednesday): Payments for retirees born between the 1st and 10th.
  • June 18 (Tuesday): Payments for retirees born between the 11th and 20th.
  • June 26 (Wednesday): Payments for retirees born between the 21st and 31st.

As mentioned earlier, whenever a payment date falls on a weekend or federal day, the SSA reschedules that payment date to the preceding working day. In this case, since June 19 falls on a federal holiday, recipients born between June 11 and June 20 will receive their Social Security payment on Tuesday, June 18. To get detailed information about payment dates for the rest of the year, be sure to review Social Security Payment Schedule For 2024.

Social Security payments are projected to rise by 3.2% next year

Most Social Security beneficiaries are always waiting to see how much their monthly benefits will increase in the coming year, because that increase will determine whether they have enough money to keep pace with inflation and cover their annual living expenses. According to the most recent report Cola ForecastRising inflation could lead to a percentage increase of 2.6% to 3.2% in 2025. Senior citizens feel that the 8.7% increase over the previous year and the 3.2% increase in 2023 and 2024 will not be enough to pay for their monthly expenses.

Besides the worry of not having enough money to live on, senior citizens are also concerned about the future of Social Security. Some finance experts estimate that by 2033, Social Security Trust Fund It could be over. As a result, this could jeopardize the Social Security benefits each beneficiary has received so far. If the 3.2% COLA increase is approved, the new Social Security check amounts for 2025 will be:

Social Security paymentscheck zodiac sign in 2024Check Amount (COLA 2025)
on average$1,900$1,960
Age 62$2,710$2,796
Age 67$3,822$3,944
Age 70$4,873$5,028


Disclaimer : The content in this article is for educational and informational purposes only.

Leave a Reply

Your email address will not be published. Required fields are marked *