Supplemental Security Income recipients have just over two weeks before they receive their monthly payment of $914 next month.
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. The payment amount issued to recipients in 2022 was $841. This year's payment is 8.7% higher to reflect the adjustment. 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.
The SSA will issue double payments to recipients this year 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.
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