Social Security Day 2024 is on Sunday, August 4, 2024: Privatization of Social Security.?
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Social Security happened in response to the Great Depression. As more and more companies rid themselves of retirement pensions for their employees it becomes even more important.
I shudder to think what would happen to the majority of people were Social Security not mandated. That guy above me would probably have nothing to live on if it were up to him to save for his own retirement.
It is unfortunate that Congress has treated the trust funds as something to dip into whenever they please for whatever they please but it does not make Social Security a bad idea.
And you're right, no matter what, Social Security will always be funded. And it's a lot surer than 401K's any day of the week.
For those of you on Social Security or Disability what day of the month do Social Security checks come ??
I retired from Social Security after 32 yrs! All checks used to arrive on or near the 3rd of each month & will continue to be paid on that date to people who started getting checks before the change.
Now Social Security retirement, survivor & disability checks come different weeks depending on a person's birthday. For example: If someone's birthday falls on the 1st thru 7th they would be paid the 2nd wk of each mo. (I don't remember the details anymore but you get the idea). If a check arrives on someone's actual birth date it's just a coincidence.
Some people get SSI & those cks are due on the 1st altho cld take 2 or 3 days for them to get checks. SSI is NOT Social Security benefits. It is a welfare program administered by the Social Security Administration for the blind, disabled & aged which is based upon financial need unlike Social Security benefits.
Social Security made this change for 2 reasons: 1) to space the checks so that employees aren't inundated with phone calls/work the 1st wk of each mo which results in better service & beneficiaries can get thru on the phones more easily and 2) it makes it less of a burden for postal employees.
what day of the month are social security disablilty benefits sent?
All SSI checks are paid on the 1st.
Social Security checks are paid out on the 2nd, 3rd and 4th Wednesdays of each month depending upon which day of the month a person is born on - People born on the
1st - 10th - are paid on the 2nd Wednesday of the month
11th - 20th - are paid on the 3rd Wednesday of the month
21st - 31st - are paid on the 4th Wednesday of the month
People who became entitled to Social Security benefits (not SSI) more than ten years ago are paid on the 3rd of each month.
If the SSI checks or the Social Security checks due on the 3rd of the month fall on a Saturday or Sunday they are then paid the Friday before.