The payment schedule for this year

Almost half of the American seniors live in households where Social Security benefits make up 50% of their income, and 25% of the same group depend on this monthly payment for all of their earnings. That’s why it is highly important for retirees to be fully aware of the date they are expected to receive their benefits.

This is even more important for the 0.8% of beneficiaries who still need to go through a physical check every single month, but the other 99.2% still need to know exactly when their Social Security income is deposited to make sure they won’t be spending more money than they actually have.