$4873 Social Security Payment Dates Changed in June 2024, Check Eligibility & Claim Process

$4873 Social Security Payment Dates: In June, the dates for Social Security payments will be different. Remember to check when you will receive the $4873 Social Security Payment. This guide will help you know the new $4873 Social Security Payment Date and ensure you get your check on time.

Every month, the Social Security Administration (SSA) distributes payments to retired workers, survivors, and disabled individuals across the United States. These $4873 Social Security Payment dates are occasionally adjusted due to federal holidays or weekends. For June, the SSA has announced a change in  $4873 Social Security Payment Dates. If you are a retired worker expecting your monthly check of $4,873, here’s what you need to know:

 $4873 Social Security Payment Dates (New)

  • Payment Adjustments: Due to administrative reasons, the payment dates for June have been modified.
  • Payment Amount: Retired workers can expect their monthly check of $4873 Social Security Payment.
  • Beneficiary Impact: This change affects all retired workers who receive Social Security benefits.

It’s essential to stay informed about these updates to ensure timely receipt of your Social Security benefits. For further details or assistance of 4873 Social Security Payment Dates, please contact the Social Security Administration.

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Overview of the Article – $4873 Social Security Payment New Dates

TopicKey Points
June 2024 Social Security Payment DatesAdjustments made due to Juneteenth holiday. Modified payment dates: June 3rd, 12th, 18th, and 26th. Recipients advised to check new dates for timely receipt.
Importance of Social Security PaymentsVital for covering living expenses, healthcare, housing, etc. Without benefits, many seniors face financial hardship.Approx. 12% of seniors live in poverty.
Social Security COLA for 2025Projected increase of 2.6% to 3.2% for 2025.Concerns about recent increases and long-term sustainability.Experts predict trust fund depletion by 2033.
Expected Social Security Check AmountsPredicted amounts for 2025 based on projected COLA increase.Aim to ensure continued support for beneficiaries.Policymakers urged to address sustainability issues.

Importance of $4,873 Social Security Payments June 2024

Social Security payments play a vital role in the lives of millions of seniors aged 65 and older. These payments help cover various essential expenses, including:

  • Daily Living Expenses: Such as groceries, utilities, and household items.
  • Healthcare Expenses: This includes costs for medical treatments, prescription drugs, and health insurance premiums.
  • Housing Costs: This covers rent or mortgage payments, property taxes, and expenses for home maintenance.
  • Entertainment and Leisure: Enjoying activities, hobbies, and social outings.
  • Taxes and Debt: Fulfilling tax obligations and managing existing debts.
  • Travel: Visiting family and friends, exploring new places, and attending events.
  • Hobbies: Pursuing interests and hobbies that bring joy and fulfillment.

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New Payment Dates of Social Security For SSI, SSDI & VA 2024

Without Social Security benefits, many seniors would struggle to meet these basic needs and could potentially face financial hardship or fall into poverty.

Currently, approximately 12% of seniors are living in poverty. However, without the support of Social Security, this number would be significantly higher—over half of seniors would be at risk of poverty.

According to the Economic Policy Institute, Social Security is a primary source of income for many older beneficiaries. About 30% rely on Social Security for 90% or more of their income, while two-thirds receive at least half of their income from these benefits.

Given the critical role that Social Security payments play in supporting seniors’ financial well-being, ensuring the stability and adequacy of these benefits remains a crucial priority for policymakers and advocates alike.

Social Security Payment Schedule for June 2024

For June 2024, adjustments have been made to the Social Security payment dates due to the Juneteenth National Independence Day holiday on June 19th. Here’s the updated schedule for retired workers:

  • June 3rd (Monday): Money for retired people who started getting their Social Security before May 1997.
  • June 12th (Wednesday): Money for retired people born from the 1st to the 10th.
  • June 18th (Tuesday): Money for retired people born from the 11th to the 20th.
  • June 26th (Wednesday): Money for retired people born from the 21st to the 31st.

As a general practice, if a payment date falls on a weekend or federal holiday, the Social Security Administration (SSA) reschedules it to the preceding business day. So, because June 19th is a national holiday, people born from the 11th to the 20th will get their money on Tuesday, June 18th.

This adjustment ensures that retirees receive their Social Security benefits promptly, even when payment dates coincide with holidays or weekends.

Social Security Benefits and Financial Concerns

Social Security beneficiaries often look forward to the annual Cost of Living Adjustment (COLA) to help them keep up with inflation. For 2025, the COLA is projected to increase between 2.6% and 3.2% due to rising inflation. However, many seniors feel that recent increases have not fully covered their expenses.

Moreover, there is growing concern about the long-term sustainability of Social Security. Financial experts think that by 2033, there might not be enough funds in the Social Security accounts, which could affect benefits in the future. If the projected 3.2% COLA increase for 2025 is approved, here are the expected Social Security check amounts:

Social Security PaymentCheck Amounts in 2024Check Amounts (COLA 2025)
On Average$1,900$1,960
Age 62$2,710$2,796
Age 67$3,822$3,944
Age 70$4,873$5,028

These changes are intended to guarantee that Social Security continues to be an essential source of income for those who rely on it. However, policymakers need to address the long-term sustainability of Social Security to secure benefits for future generations.

How to Claim a $4873 Monthly Check for Social Security?

Those who want to claim a $4873 check for June 2024 for Social Security should follow the Below given steps:

  • First of all, you have to log in to www.ssa.gov official portal by entering your username and password. For those who don’t need to do this, First of all, generate ID & password.
  • Now there is the $4873 Monthly Check application form.
  • Along with your $4873/M Check Application form, you also have to attach all your necessary documents like your certificate of Age, your passport, & your disability certificate.
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