Social Security Checks will be arriving the upcoming month of July, albeit some might get the payments slashed by half. This is happening in the wake of a Social Security Administration (SSA) decision to cut the money and get it back from the beneficiaries as they (SSA) think that they have been given more than enough money in the past days.
The Social Security Administration pays benefits on the monthly basis to more than 65 plus Million people which includes, survivors of deceased workers, workers who are retired, and the disabled workers. Notely, it is being said that SSA has overpaid one of the beneficiaries, and the reason might be the miscalculation of the benefits or the beneficiary might have delayed the updates. These updates can be of their current status of income, disability, or income. So to overcome this, the agency has decided to hold 10 percent of their payments to overcome the debt.
Sources have reported that if someone’s percentage is increased by 50 percent, that means the overpayment has been received and the upcoming checks might be slashed by fifty percent till the amount is covered up.
NO PUBLIC FIGURE SO FAR !
There is no official figure that has been made public about how many people are being overpaid. But notley Social Security Administration, in Fiscal Year that ended in 2023, tried to claim the dues from approximately 2M people. (Acc to KFF and COX MEDIA GRP).
Mostly beneficiaries were of:
- Social Security Disability Insurance
- Supplemental Security Income.
Schedule for July for SSI
If you are trying to manage your budgets, you can easily check the calendar for Social Security Administration distribution for the complete year.
You can click here to know more! Social Security Payment Schedule. 2026 and 2025
Benefits for social security mostly arrive on Wednesdays. After the first week, it will arrive on the second wednesday. And subsequently it will arrive next, depending upon your birth date. However if someone who is receiving the benefits is prior to 1997, it must be receiving the pay checks on third of every month.
Understanding the change in the number of Overpayments.
The previous administration viz. Biden Ad, helped the beneficiaries by giving them more time to settle down their debts. For this, they capped the recovery rate to only 10 percent instead of One Hundred Percent. It helped them to manage their income which plays a crucial role in managing their lives. And if it would be a 100% recovery of debt, it would certainly have a burden on them for sure.
However in the current administration of the USA. Under President Trump, the cap has been removed. And the complete recovery of 100% is instructed. But it would have created havoc on the pockets of beneficiaries, hence the public voice urged the administration to look after and re-think the decision. And finally it has been capped to 50% again. It is being made for all overpayments.
