Two Payments Of Social Security May Be Received By Some Americans Due To Coinciding Payment Dates

Two payments from Social Security were announced to be received by some Americans.

The two payments from Social Security are not extra money but an early payment. (Photo: Tododisca)

Two Payments Of Social Security

Some Americans will receive two payments of Social Security this week due to a quirk in the system. The two payments are because March 1 coincides with the fourth Wednesday of February, resulting in some SSI recipients getting both payments in the same week.

The two payments will happen two more times this year. Retirees receive two payments in one month, but it’s not extra money – it’s an early payment for the next month.

According to a published article by SmartNews, many retirees are struggling financially despite a modest cost-of-living increase in Social Security payments this year.

Rising utility, insurance, heating, and food costs are causing concerns for seniors. The annual Social Security change is determined by looking at the consumer price index.

More Information About The Two Payments From Social Security

In a published article by Newsweek, some Americans will receive two payments due to unique rules regarding retirement and disability benefits. Typically, payments are sent out once a week based on beneficiaries’ birthdays.

However, this week is an exception where some will receive two payments for both retirement and disability benefits. Social Security payments are usually issued on specific Wednesdays of the month based on the recipient’s birth month.

Additionally, those who receive SSI benefits will receive their SSI payment on March 1 and their Social Security checks on March 3.

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