Individuals receiving Social Security benefits will begin receiving $1,657 monthly installments in seven days. Beginning on October 12, Social Security beneficiaries' income will be distributed based on their birth dates. People born between October 1 and October 10 will be paid first.
According to the Social Security Administration's schedule, anyone born after October 10 will have to wait at least another week before getting a payment.
Who is Eligible For Social Security Payments?
Recipients need to understand the distinction between Social Security payments and Supplemental Security Income, which are two independent programs. Social Security payments are mostly based on wages during a person's lifetime, and there are no income or resource limits.