Recipients of Supplemental Security Income are set to receive the second half of their payments this month, totaling the money given to them for September to $1,682.
Eligible recipients can expect to receive their payments of $841 on Friday. Additionally, eligible couples will be given a second payment of $1,261, while essential persons, meaning people who live with a person receiving SSI and provide necessary care, will receive a second payment of $421, according to the Social Security Administration.
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While September is one of three months in which SSI recipients received two payments, the payments are not extra. Rather, they are intended to offset the months in which no payments are sent out to ensure eligible people receive 12 payments a year, according to the SSA schedule.
The other two months where SSI recipients receive two SSI payments are April and December. Months in which people do not receive SSI payments this year are January, May, and October due to the first days of those months being on a holiday or a weekend.
The SSI program has provided money to those who qualify in order to give financial relief to those with limited incomes and resources since 1974. To be eligible to receive SSI, a person must be at least 65 years old, blind, or disabled, have both limited income and resources, be a citizen of the United States, and live in one of the 50 states, in Washington D.C., or in the Northern Mariana Islands, according to the SSA.
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Based on the current rate, Social Security will be unable to pay out in full by 2035, according to Nexstar Media Wire.
Social Security payments are expected to rise next year due to growing inflation rates, according to analysts. However, some people may end up earning less from their SSI because the increase in payments could place them in higher tax brackets.
