Those who receive Social Security benefits only need to wait six more days until the first wave of October’s monthly payments worth $1,657 gets sent out.
Social Security payments will be sent out to recipients according to their birth dates, beginning on Oct. 12. People who are born between the first and the 10th will receive their payments first. Those who have a birthday that falls after that date will have to wait at least another week before receiving their checks, according to a calendar released by the Social Security Administration.
STIMULUS UPDATE: DIRECT $487 PAYMENTS BEING SENT OUT FROM WEDNESDAY FOR MORE THAN 1 MILLION PEOPLE
It is also important for recipients to note the difference between Social Security benefits and Supplemental Security Income, which are separate programs. Social Security benefits are largely based on earnings throughout one’s lifetime and have no income or resource limit.
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SSI, meanwhile, is known as a needs-based program intended for people with limited income and resources. The program’s benefits, which are paid for by general tax revenues, can vary based on federal and state laws.
