Social Security update: Direct SSI payment worth $914 to arrive in eight days
Asher Notheis
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Supplemental Security Income recipients are set to receive their next monthly payment of $914 at the start of February.
The money from this SSI payment, which will be sent to recipients in eight days, will allow people to afford basic everyday items and goods such as food and shelter. These payments from the Social Security Administration are intended to help elderly, blind, and disabled people who have little or no income of their own, according to the SSA.
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Eligible couples for SSI and essential people, meaning someone who lives with a person receiving SSI and provides necessary care, will also receive a payment from the SSA on Feb. 1. Couples will receive $1,371, while essential people will get $458, according to the administration.
Recipients of these payments are not receiving any payment this month because they received two payments in December — one on Dec. 1 and the second on Dec. 30. The latter payment served as the SSI payment for January.
The SSA typically gives its SSI payment to recipients on the first of the month, with a total of 12 payments being issued by the administration every year. However, when the first day of a month occurs on a weekend or holiday, the payments for that day are given on the last business day of the previous month, which was the case for the payment made on Dec. 30.
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This year, the SSA will issue double payments to recipients in March, June, September, and December because the first day of the following month will either be on a weekend or holiday, according to the SSA’s 2023 schedule.
Payments to SSI recipients this year will be slightly higher than the payments issued in 2022 due to a cost-of-living adjustment made by the SSA. The payment amount issued to recipients in 2022 was $841. This year’s payment is 8.7% higher to reflect the adjustment.