The Social Security Administration (SSA) said that the September 2024 first payment will be sent earlier than planned. Some recipients, especially those who depend on Supplemental Security Income (SSI), were shocked by this move.
Because September 1, 2024, is a Sunday, the SSA had to change its payment times. This is why the advance is happening now.
First September payment from Social Security: when and why it is advanced
Supplemental Security Income (SSI) is one of the key programs that the SSA runs to help people. Its goal is to help people over 65, the blind, or disabled people who don’t have a lot of money or other means with basic financial needs.
Unlike other Social Security benefits, SSI payments are not based on how much work the recipient has done in the past. Instead, they are paid for by the federal government’s general income.
This program is very important for many people in the US because it gives them a base income to meet their basic needs. This is especially true for older or sick people who have a hard time making money.
Why is the first September payment being advanced?
The Social Security payment date is carefully planned to make sure that people who get money from Social Security get it on time every month. If, however, September 1, the normal payment date, falls on a holiday or weekend, the SSA sends the payment the day before. Since September 1, 2024, is a Sunday, the payment will be made on Friday, August 30, 2024.
This change is widespread and is meant to make sure that beneficiaries don’t miss their payments when they’re supposed to. For people who depend on SSI, this first payment in September will keep them able to pay their bills without any breaks.
How does this change affect SSI beneficiaries?
Supplemental Security Income (SSI) recipients will be the first to receive this advance payment. For many, this will be a release because they will be able to access their money before the new month begins.
The most a person can get from the SSI program is $943 a month, and the most a couple can get is $1,415 a month, according to the most recent numbers from the SSA. People who depend on SSI and are considered important can also get up to $473.
This early payment doesn’t change the total amount that recipients will get in September; it just makes sure that the money is there before the month starts. Beneficiaries should keep this change in mind so that they can better handle their own money during this time.
Social Security payment schedule for September 2024
Besides the early payment for SSI recipients, the SSA has planned other payouts for different types of recipients throughout September. For everyone to avoid uncertainty and be able to plan their spending, they need to know when they are going to get paid.
SSI beneficiaries: They will receive their advance payment on Friday, August 30, 2024
Other people who get Social Security: Payments will be sent out throughout the month based on the SSA’s plan, which is based on the person’s date of birth and other factors.
As a way to make sure they know when their payments are coming, beneficiaries should look at their account records and be on the lookout for any official messages from the SSA.
The Social Security Administration: a crucial financial support
Millions of Americans depend on the Social Security Administration for their very survival. It gives money to retirees, people with disabilities, and the families of workers who have died. The average amount a retiree gets in the United States is $1,907 per month, according to recent SSA data.
This financial help is very important for many families, and any changes to the payment schedule, like the above-mentioned advance, can have a big effect on how the recipients plan their finances. We need to make sure that everyone knows when and how much they will get from the SSA, so they keep in touch with everyone very clearly.
How to prepare for the advanced payment
People who are supposed to get the first payment in September should check their bank accounts to make sure they got the money on August 30, 2024. People who still get their checks in the mail should be sure to check their mailboxes on time on the due date.
Anyone who is supposed to get a payment does not get it on the due date. They need to call the SSA right away to fix any problems that may have happened. The SSA gives people many ways to get in touch with them, such as by phone or online, so they can answer any questions or solve any problems.
Also See:- Individuals aged 64 will receive a $1,460 payment from Social Security in September