Upcoming SSI Payment and Social Security Update

Written By: Anushka

Payments

Besides the regular monthly payment on August 1st, an extra payment will be issued on August 30th.

Criteria

SSI payments help low-income seniors or disabled people who struggle with monthly living expenses.

Amounts

Average monthly benefits are $698. Individuals may receive $943, and couples can get $1,415.

EP Criteria

Recipients meeting the essential person criteria could receive an additional $472.

Schedule

Upcoming payment dates: August 1, August 30,October 1,November 1 and November 29.

COLA Impact

The COLA increase for 2024 is 3.2%, effective in January 2024. Estimated COLA for 2025 is 2.6% to 3%.

New Rates

With a 3% COLA, 2025 payments could be: Average: $719, Individuals: $971,Couples: $1,457 and Essential person: $486.

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