Supplemental Security Income recipients will receive their next monthly payment of $914 in only 12 days.
The money from this SSI payment will allow recipients to afford basic everyday items and goods, such as food and shelter. These payments from the Social Security Administration, which will be sent to recipients on Feb. 1, are intended to help elderly, blind, and disabled people who have little or no income of their own, according to the SSA.Payments to SSI recipients this year will be slightly higher than the payments issued in 2022 due to a cost-of-living adjustment made by the SSA.
Eligible couples for SSI and essential persons, meaning someone who lives with a person receiving SSI and provides necessary care, will also receive a payment from the SSA on Feb. 1. Couples will receive $1,371, while essential persons will get $458, according to the administration. Recipients of these payments are not receiving any payment this month because they received two payments in December, one on Dec. 1 and the second on Dec. 30, with the latter serving as the SSI payment for January.The SSA typically gives its SSI payment to recipients on the first of the month, with 12 payments being issued by the administration every year.
This year, the SSA will issue double payments to recipients in March, June, September, and December because the first day of the following month will either be on a weekend or holiday, according to the SSA's 2023 schedule.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Social Security update: Direct SSI payment worth $914 to arrive in 13 daysIn less than two weeks, Supplemental Security Income recipients will receive their next monthly payment of $914.
Weiterlesen »
Social Security update: Second round of January's payments worth up to $4,194 arriving WednesdayRecipients of Social Security retirement payments worth up to $4,194 will receive the second round of payments on Wednesday.
Weiterlesen »
White House Warns GOP Not to Tie Debt Ceiling to Social Security CutsDemocrats are warning Republicans that they will not negotiate over raising the debt ceiling to avoid economic catastrophe after Republicans spent months warning that they want to cut key social programs by holding debt limit legislation hostage.
Weiterlesen »
Here’s the average Social Security check for 66 million beneficiaries in 2023More than 65 million Social Security recipients are receiving higher payments starting this month. The 8.7% cost-of-living adjustment is the largest one-time increase since 1981 when benefits rose 11.2%.
Weiterlesen »
When will social security checks be deposited in January 2023?Social Security beneficiaries can look forward to bigger checks in 2023. Here's what you need to know about when Social Security recipients will receive their updated benefits for the month
Weiterlesen »
As Income Inequality Skyrockets, the Rich Are Paying Less Into Social SecurityIn 2021, people stopped paying into Social Security when they hit $142,000 in one year – meaning that someone making $1 million a year stopped paying into Social Security by the end of February, while those making less than $142,000 paid into it all year.
Weiterlesen »