When Will Social Security Payments Arrive in August?

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Social Security payments for retirees don’t always arrive on the same day for everyone, and sometimes the schedule changes. Here’s what you need to know about when to expect your payments in August, who gets them first, and how much you might receive.

August Payment Schedule

SSI Payments on August 1

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If you get Supplemental Security Income (SSI), your payment will come on August 1. This is the first payment of the month, and it is important to note that you might receive an additional SSI payment on August 30. This second payment is for September but sent early because September 1 is a weekend.

Social Security Payments Starting August 2

For those receiving Social Security retirement benefits, the first payment will be on August 2. This date is reserved for people who started getting their payments before May 1997 or those who receive both Social Security and SSI benefits.

Changes in Payment Schedule

Normally, Social Security payments would come on August 3, but since that is not a weekday, the Administration will pay a day earlier. Therefore, if you get Social Security payments, your first August payment will be on August 2.

Who Gets Social Security Payments

Eligibility for August Payments

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To receive Social Security payments on August 2, you need to be in one of these groups:

1. You started getting checks or direct deposits before May 1997.
2. You get both Social Security and SSI benefits.

This early payment helps those with low incomes to get their money sooner.

Payment Amounts

The average Social Security retirement payment is about $1,918. However, this amount can vary:

• If you’ve worked for 10 years and earned 40 work credits, you’ll get a lower payment.
• If you’ve worked for 35 years, and earned the maximum taxable amount, you could receive up to $4,873.

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In August, Social Security and SSI payments will follow a specific schedule. SSI recipients will get their payment on August 1 and again on August 30. Social Security retirees will see their first payment on August 2 instead of August 3. Remember, the amount you receive depends on your work history and how long you’ve paid into Social Security.