People in the United States who get Social Security can keep perfect track of their money thanks to the schedule of payments, but sometimes things go wrong that completely change how we do things.
A group of Americans will be able to enjoy an extra check that will make the amount of money they get much bigger next December because of one of these problems. It is even more important when we think about the fact that the COLA will go up because of the extra payment.
If you are looking forward to getting your new Social Security payment in December, you should know that you might get a new extra check that will give you a lot of extra money. During the same month of December, no less.
It is true, but we should also remember that not every person who gets Social Security can get this extra check. We have to meet certain requirements in order to get this money. But if you meet them, you can get the money.
We can get the bonus track of Social Security money in December?
A number of things must be met in order for us to be able to get the money. There is still a chance that we will get the payment, but not in December. We will have to wait until January to enjoy this extra benefit.
People in the US who want this money should remember these things:
- It is mandatory to have Supplemental Security Income accepted beforehand.
- We must activate Direct Deposit, since the Social Security benefit money appears automatically with this collection method.
We will get this extra payment at the end of December if these two things are met. Thus, we can say that on January 1, we will receive a payment of up to $967 in Supplemental Security Income, and on December 31, we will receive this extra payment with even a little more money.
Why will the extra Supplemental Security Income be higher?
The US government announced in October of last year that the COLA would be going up. It will start to increase in 2025. This means that the first payment in 2025 will have an extra 2.5% added to it. This will give Americans a little more money to deal with inflation.
In the December 2023 extra check, we will have a bigger payment because of this COLA. This is because this check is the first Supplemental Security Income payment for next year, which will be sent in January.
This is why the money in this benefit is bigger. No more than $967 will be given to each beneficiary. If you have a maximum check, you will be able to cash it on the 31st day. Also, remember that you will not be able to get a check in December if you do not have Direct Deposit. You will be able to get it in the days that follow.
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