If you are receiving Social Security benefits you probably want to know when you will receive your February Social Security benefits so that you can budget for the month. Social Security benefit payments are sent on a schedule that depends on several factors, including the kind of Social Security benefit that you receive.
Now that people getting Social Security know they'll be getting more money in 2024, the next thing to figure out is when that money will actually show up. The Social Security Administration recently shared the payment schedule for 2024, and it follows the same routine as always.
In October 2023, the SSA announced a 3.2% increase in the cost of living for 2024. This means the monthly averages for each type of Social Security benefit saw an increase of 3.2% starting in January 2024.
Struggling with an injury or medical condition that permanently disables you can impact your life in many ways. For instance, if you have a permanent disability, you may be unable to work. If you can’t work, you can’t earn an income and support yourself.
Do you find yourself in this situation? If so, you may be eligible to receive disability benefits from the Social Security Administration (SSA). This is an option if your condition qualifies as a permanent disability according to the SSA’s standards.
Conditions that may meet “permanent disability” criteria include:
January is Mental Wellness Awareness Month. Activities during Mental Wellness Awareness months are focused on strengthening the ability of people to cope with mental stresses and to therefore help to reduce the onset of mental illness. Unfortunately, mental illness can be so debilitating that it can prevent someone from being able to continue working. If this is happening to you, you may be able to apply for social security disability benefits which can help to ease the financial stress of mental illness.
Seniors who are retired, people who are sick and can’t work, and children who have serious illnesses rely on Social Security benefit payments to help pay for their living and medical costs. Without Social Security payments the parents of sick children, people who are disabled and can’t work, and seniors who have retired would struggle to pay for housing, food, utilities, and other necessities.
