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Social Security Checks in 2023 Will Not Be Received by Almost 2.7 Million Americans

Social Security Checks in 2023 [Photo: Center for Retirement Research]
Social Security Checks in 2023 [Photo: Center for Retirement Research]

In May, almost 67 million individuals received the Social Security checks in 2023. However, there are also almost 2.7 million individuals who will never receive benefits from the program.

Social Security Checks in 2023 [Photo: Money]

Social Security Checks in 2023 [Photo: Money]

In May 2023, almost 67 million individuals, including more than 49 million retired employees, were able to receive the Social Security checks in 2023. However, on the contrary, almost 2.7 million individuals aged 60 and above will reportedly never receive the benefits.

According to Williams, to be able to receive the Social Security checks in 2023, an individual must have earned 40 work credits during their employment. In three months, an employee can obtain 1 work credit which amounts to $1,640 in earned income. This means that the maximum number of credits that can be obtained every year is four and the maximum earned income can be up to $6,560.

READ ALSO: U.S. Federal Government Benefits Social Security, Medicare— When Will Their Trust Funds Run Out?

Exemption in Work Credits Requirements

According to Richie, employees with long-term disabilities can be eligible for the Social Security checks in 2023 even if they have not met the 40 work credits requirements. Furthermore, an individual with no employment history at all can still qualify for the benefits.

However, this exemption will only be for spouses who will qualify as a survivor. To be able to receive the Social Security checks in 2023, a survivor’s spouse who had passed away first must have been the only earner throughout their lifetime.

READ ALSO: 25% Of Americans Underestimate Social Security Checks In 2023 By $5,000, Research Says

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