17.6%-17.8% Social Security Payment Increase in 2024- Know Eligibility & Increased Benefit Dates

For years, the eligible citizens of the United States of America are receiving the social security under the SSI and SSDI. The social security provides its beneficiaries all the essential financial assistance in their old age or during a disability which holds them from doing any work. And as the inflation is increasing, the cost of living is getting higher with every passing day wherein the income remains the constant. To avoid such complications, the federal government is soon going to make 17.6% -17.8% social security increase 2024.

This increased benefit will make sure to assist all the seniors and low-income households in their financial difficulties. The eligible candidates are all set to receive the benefit payment on the announced date on a monthly basis. In this post, we are going to cover all the essential details regarding the 17.6%-17.8% Social Security Increase 2024. It will include the eligibility criteria and payments dates for the social security increase. Check out the full post so that you cannot miss any update.

17.6%-17.8% Social Security Payment Increase

If you are receiving the social security benefits for a long time, then there is good news coming for you. The Social Security Administration (SSA) is proposing a 17.6%-17.8% Social Security Increase 2024. All the eligible retired seniors, low-income household and citizens who have any disability which holds them to do any work will receive a significant increment of 17.6%-17.8% Social Security Increase 2024.  If you are qualified for the Supplemental Social Income (SSI) and Social Security Disability Income (SSDI), then you are eligible to claim a 17.6%-17.8% Social Security Increase 2024. The main reason behind this increment is the rising inflation and cost of living. When the cost of living exceeds and the income remains constant, then it can become a major complication for the low-income citizens to cover up their living expenses.

$4,555 Direct Deposit Check Coming in May 2024

Affordable Connectivity Program Update 2024

$4000+$943 Double Stimulus Checks for Social Security in 2024

The bottom line is not every citizen of United States of America will be able to receive the 17.6%-17.8% Social Security Increase 2024. Only the eligible candidates are allowed to claim the benefit increment who fulfil all the guidelines set by the federal government. We have provided the eligibility criteria and the payment dates for the 17.6%-17.8% Social Security Increase 2024 below in this post. You can check them out before moving to any further procedures so that you cannot miss any updates. The social security increment will significantly help the eligible citizens in covering up their living expenses like bills and rents and purchasing basic household items. The social security payment will be directly deposited to the respective bank accounts of the recipients.

17.6%-17.8% Social Security Payment Increase Highlights

Post name 17.6%-17.8% Social Security Increase 2024
Country United States of America
Department Social Security Administration (SSA)
Category Government aid
Applicable for Eligible seniors of United States
Increment amount 17.6%-17.8%
Payment date Listed below
Official website ssa.gov

17.6%-17.8% Social Security Payment Increase in 2024- Know Eligibility & Increased Benefit Dates

Who will get 17.6%-17.8% Social Security Increased Payment?

As mentioned earlier, it is important for you to make sure that you qualify for eligibility set by the federal government for the 17.6%-17.8% Social Security Increase 2024. Before moving to any further procedures, check out the eligibility criteria for 17.6%-17.8% Social Security Increase 2024:

  • You must be citizen of United States of America to be eligible for the 17.6%-17.8% Social Security Increase 2024.
  • If you are a permanent resident of USA and resided at least for 10 years then you are also eligible for the increased social security benefits.
  • You must be 65 years old or above to be eligible.
  • Citizens who cannot work due to any disability are also eligible to apply for the benefits of 17.6%-17.8% Social Security Increase 2024.
  • If you have low-income or no-income, then you are also eligible for the benefits including children and adults.
  • If you are a beneficiary under the SSI and SSDI, then you are also eligible to receive the increased social security benefit.

When will Increased Social Security Payments 2024 Applicable?

The Social Security Administration (SSA) has divided the social security payment dates into three categories. Every eligible candidate can receive the social security payment on any of the announced date of the month. The payment will be directly deposited to the recipient’s bank account. The social security payment date will depend on your birth date.

  • If your birth date falls between 1st and 10th of the month, then you will receive the social security payment on 2nd Wednesday of the month. If your birth date falls between 11th and 20th of the month, then you will receive the social security payment on 3rd Wednesday of the month.
  • If your birth date falls between 21st and 31st of the month, then you will receive the social security payment on 4th Wednesday of the month.
Date of birth Payment date
Between 1st and 10th of the month 2nd Wednesday of the month
Between 11th and 20th of the month 3rd Wednesday of the month
Between 21st and 31st of the month 4th Wednesday of the month

17.6%-17.8% Social Security Payment Increase 2024 fact Check

There is no official confirmation via Social Security Administration (SSA) yet but the recipients  are advised to visit the official web portal of the SSA for more information. The discussion regarding the 17.6%-17.8% Social Security Increase 2024 is still on and the Citizens  can hope to receive an announcement soon from Social Security Administration (SSA).

EJSR Magazine Home Click Here

Leave a Comment