July 2024 Social Security and SSI Payment Schedules Announced

Millions of Americans to receive adjusted payments following June's irregular schedule; inflation adjustments included.

Social Security payments will follow the regular schedule in July after changes in June.
Payments are distributed based on beneficiaries' birth dates and type of benefit received.
Supplemental Security Income (SSI) payments for July will be issued on the 1st.
Inflation has led to a 3.2% increase in benefit amounts for 2024.
Highest earners retiring at age 70 can receive up to $4,873 monthly.