Social Security update: Direct payment worth $914 arriving in 27 days

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Social Security update: Direct payment worth $914 arriving in 27 days
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Supplemental Security Income recipients will receive their next payment in 27 days. It will give $914 to individual filers, according to the Social Security Administration's schedule.

The next payment, scheduled for May 1, is one of 12 payments that SSI recipients receive each year. Most SSI payments are sent out to recipients on the first business day of the month, but recipients did not receive a payment in April because April 1 fell on a weekend.For months in which the first day takes place on a weekend or a holiday, the checks are sent on the last business day of the previous month, according to the SSA.

Other groups also qualify for the May 1 payment — eligible couples will receive a payment of $1,371. Essential people, who live with a person receiving SSI and provide necessary care, will get a payment of $458.SSI payments were first issued by the Social Security Administration in January 1974. The amount recipients receive has increased based on cost-of-living adjustments each year since 1975, the agency said.

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