SSI recipients will receive theirs next January payment in December. Therefore, it will not arrive in January. This is great news because many recipients will be happy to receive money three days before the usual due date.
After all Christmas purchases, many Americans have spent all their savings. That’s why this SSI payment it will be like a breath of fresh air. The good news isn’t over yet.
The thing is, this group of beneficiaries will collect more money for their own SSI payment. So, their December 1st check didn’t bring a COLA increase, but this payment will. Getting 3.2% more can make a difference, even if it doesn’t seem like much.
DATES FOR PAYMENT OF SUPPLEMENTAL SECURITY INCOME
The Social Security Administration has scheduled this payment for December 29, 2023. Therefore, it will be in your bank account 3 days before the New Year. SSA never sends money on holidays.
In fact, it’s the best way to make sure everyone gets theirs SSI checks on time. Imagine not getting your money on a holiday or weekend. If the banks are down, you can’t contact them.
Like January SSI payment is on December 29, make sure you spend your money wisely. After the inspection on December 29, there will not be another until February 1, 2024.
The months of March, April and May will also have their checks on the first day of the month. whatever SSI checking for June it will have to be sent on May 31st. This is because June 1st is a Saturday, so it will be dispatched on the previous working day.
2024 SSI MAXIMUM AMOUNTS AND DECEMBER 29 PAYMENT
Beneficiaries can receive up to $943 in their payments for 2024. So their December check will also have that maximum amount. However, average SSI payments are lower.
Therefore, you may not get as much. SSI average payments are about $673 as of November 2023. If you’re 65 or older, it could be even lower, about $552.97, Social Security said.
The largest is the group of young people up to 18 years of age SSI average payments. The SSA claims to receive about $785.28. Those aged 18-64 received average checks worth $718.33. Married couples can collect SSI payments up to $1,415 versus $1,371 in 2023.
Principals will also get 3.2% extra and their new checks will be $472 in 2024. If you get SSDI or retirement benefits and your paychecks are low, you may be eligible for Supplemental Security Income. Also apply for SNAP so you can get free money for food.