Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money – it's due to a quirk in the system.
Some Americans will receive two Social Security payments this month, a rare occasion that is the result of a quirk in the system. Typically, the Social Security Administration sends out just one Supplemental Social Security payment each month, delivering checks on the first day of the month unless it falls on a weekend or holiday. Because June 1 falls on a Saturday, SSI recipients will receive two payments in the month of May.
A recent survey published by Atticus found that an overwhelming percentage of seniors collecting Social Security – about 62% – are dissatisfied with the 3.2% payment increase they're receiving in 2024. In fact, nearly three in five seniors reported struggling financially as the cost of everyday necessities like food, rent and medical care remains uncomfortably high, while about 20% of seniors receiving Social Security plan to seek employment this year due to the small increase.
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