The eligible citizens of the US receive a monthly income through the SSI, SSDI and VA benefits given by the Social Security Administration. This monthly income aims to provide better living standards to citizens.
It aims to manage their day to day expenses in the country.
Overview Of 17.6% – 17.8% Social Security Payment Increase In 2024
| Organization | Social Security Administration (SSA) |
| Topic | 17.6% – 17.8% Social Security Payment increase in 2024 |
| Country | USA |
| Applicable for | Eligible senior citizens of the USA |
| Amount | $1,800 |
| Payment issue date | According to birth date |
17.6% – 17.8% Social Security Payment Increase In 2024
The Social Security Act was created in August 1935, by the US president of that time. This act provides a monthly stipend to retired seniors of age 65 years or above to cover their retirement-related obligations.
The Social Security Administration (SSA) also offers monthly assistance to citizens who are 64 years of age or younger and are disabled and unable to work.
Additionally, the SSA plans to provide $1,800 Social Security checks to all eligible citizens in 2024. Rising inflation and high cost of living make the federal government adopt this step. The Social Security income is known to be adjusted annually by the SSA based on increases in cost-of-living adjustments (COLA).
The qualified beneficiaries’ monthly payments will be directly paid into their respective bank accounts; however, the exact amount of the payment will vary depending on a number of circumstances that may impact their $1,800 benefits.
Who Is Eligible To Claim A 17.6% – 17.8% Social Security Payment Increase In 2024
- Citizens of America
- Age of 65 years or above
- Citizens with disabilities and below the age of 65 are eligible to receive payment.
- SSI, SSDI, and VA beneficiaries are also eligible.
- Must have a social security number.
- Income must not exceed the threshold income.
How To Claim 17.6% – 17.8% Social Security Payment Increase In 2024?
- Eligible citizens need to visit the official website of SSA.
- On the homepage, search to apply for the benefits.
- Fill out the application form with all the required details.
- Upload the entire document as asked in the application form.
- Click on the submit button.
- After the application form is submitted, the authorities will review the application.