Not every SSI recipient qualifies for the same amount. In fact, only a few are eligible for the maximum benefit payments in 2024 or 2025.
Currently, the Supplemental Security Income program can provide beneficiaries with approximately $698 on average. However, if you do not receive any reductions due to a lack of earnings or resources, you could pay up to $967 if you are an individual in 2025.
Married couples who are both on benefits will receive up to $1,450 in 2025. However, if you are an essential person, you will only receive up to $484 in 2025. The boost after the COLA increase for 2025 will be only 2.5%.
SSI payment amounts depend on your financial situation
As a result, depending on your financial situation, you may receive a larger or smaller payment from the federal government within the limits established for 2025. For example, seniors 65 and older receive an average of $575.
This could be because they primarily receive Social Security retirement benefits. As a result, they receive reductions rather than full amounts. On average, people under the age of 18 earn significantly more. Actually, they will receive approximately $818 in November 2024.
As a result, they will soon receive a small increase when the 2025 COLA increase goes into effect. However, when will the next Supplemental Security Income payments be issued?
SSI payment before 2024 comes to an end
According to the Social Security Administration, the January SSI check will be the last payday in 2024. The Agency has scheduled this payment for December 31, 2024.
In fact, it will be 24 hours before the benefit should arrive. This is because Social Security does not make payments on federal holidays, and January 1 is New Year’s Day.
Remember that the SSI program never provides bonuses or additional payments. Although you may receive two payments per month, one is for the following month and has recently been sent ahead of schedule.
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