Social Security Administration distributes early May benefits to millions of recipients
Updated
Updated · AS USA · May 1
Social Security Administration distributes early May benefits to millions of recipients
12 articles · Updated · AS USA · May 1
On 1 May, payments go to people receiving Social Security since before May 1997, 2.5 million beneficiaries who also get SSI, and regular SSI recipients.
Most of the 71 million Social Security recipients must wait until at least 13 May, while some payments were moved forward because 3 May falls on a Sunday.
Average monthly benefits are $2,024.77 for retirement, $1,493.07 for disability, $1,624.37 for survivor benefits and $736.28 for SSI, with some states adding SSI supplements.
With a 24% benefit cut looming, could capping payments for the wealthy save Social Security for everyone else?
SSI's asset limits haven't changed in decades. Are these outdated rules trapping vulnerable Americans in poverty?
A new bill could let seniors work without benefit penalties. Will this solve labor shortages or drain the system faster?