A new Supplemental Security Income payment will be sent to 7.5 million Americans before September. People who are qualified will get money through SSI checks and direct deposits.
True enough, the cash for September 1 will be sent on August 30 instead. Due to the fact that September 1 cannot be a payday, the Social Security Administration will send it two days early. The SSA and banks will both be closed on that day.
Will the September payment for SSI include the 2025 COLA?
The 2025 COLA will not be part of the SSI payment for September that was sent out on August 30. People who get the boost won’t get it again until December 31, 2024. The maximum numbers were changed, though, in December of last year.
The most a person can get from SSI is $943 a month. Your Supplemental Security Income payment may go down if you are already getting Social Security income or SSDI (disability benefits).
You and your partner may be able to get Supplemental Security Income sometimes. You could get up to $1,415 if this happens to you. The average payments are smaller, though, and they have been going down lately.
SSI average payment
As of July 2024, the most a person who gets Supplemental Security Income can get is about $695. It was $699 in June 2024, so this amount is less now. Some changes to Social Security may make it easier for people with low incomes to get this aid.
People 65 years or older can get a payment of only $574 on average. This is because they might be getting retirement payments at the same time. People under the age of 17 who get SSI get the biggest grants on average.
In general, people under 18 can get $805. If you are between the ages of 18 and 64, you may be curious about how much you usually make. SSA says it’s around $742. People who get Supplemental Security Income but get less may also need SNAP assistance. Getting these USDA perks can help you save a lot of money and buy healthy foods.