Social Security update: Direct increased SSI payment worth $914 to arrive in just 11 days

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Social Security update: Direct increased SSI payment worth $914 to arrive in just 11 days

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Recipients of Supplemental Security Income will receive a payment of $914 on Dec. 30, the first check reflecting 2023’s massive increase to Social Security payments.

SSI recipients are receiving two payments this month due to the first day of next month, January, falling on a national holiday, New Year’s Day. The upcoming payment on Dec. 30 will be slightly higher than the first payment from earlier this month on Dec. 1, when SSI recipients received $841.

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This is because the SSA is enacting a cost of living adjustment to monthly benefits, leading to the upcoming payment being 8.7% larger.

The Dec. 30 payment will mark the first of 2023 SSI payments due to SSI recipients receiving no payment in January 2023. A total of 12 SSI payments are issued by the SSA every year so that recipients get one payment every month.

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In 2023, recipients will be given two payments within the same month in April, June, September, and December due to the first of the months following those falling on a weekend or a holiday.

© 2022 Washington Examiner

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