Important changes regarding the Supplemental Security Income (SSI) paydays will take place in August. Generally, the Social Security Administration schedules payments for the first day of the month.
Therefore, SSI recipients are always the first to get their monthly check or direct deposit. The good thing is that there will be no delays and payments will be issued when they are due. However, the Supplemental Security Income payday in September will not be on the first day of the month.
Change to the SSI payday for September
The Supplemental Security Income payment for September will be due on August 30, 2024. Hence, recipients will receive their money 2 days in advance. Since September 1 is a Sunday, not a business day, the Administration had to reschedule the payday. This means they will get SSI on August 1st and 31st if they remain eligible.
For your information, banks are not open on the weekends or Federal holidays, so the Social Security Administration prefers to send money in advance to avoid delayed payments.
Do not forget that SSI payments are for low-income households. Thus, getting the money on time, late, or in advance is not the same. Living on a shoestring budget can definitely limit your expenses and buying habits. Getting money early may help you pay bills, and debt or buy necessary foods.
SSI amounts for August and September
Even if you get your September payment for SSI on August 30, save that money for the following month. The maximum amount will be for eligible married couples who can receive up to $1,415.
This is the maximum SSI amount for married couples for 2024. Therefore, they will be the same maximum amounts for August and September. An individual can receive up to $943 in August.
Essential persons can receive up to $472. All these maximum payments will remain the same until the 2025 COLA boost comes into effect on December 31, 2024. But what about average payments for the Supplemental Security Income?
- under 18: $813.29
- 18-64: $743.58
- 65 or older: $574.88