Social Security has confirmed the August payments for SSI, SSDI, and retirement recipients in the United States. Some American citizens may receive one payment after another.
That is the case for some citizens who qualify for the August 1 payment. This first payment will only be for those on Supplemental Security Income (SSI). Actually, this benefit goes to those with the lowest income though.
SSI and Social Security in early August
Those SSI recipients who are also receiving Social Security will get 2 payments in a row. Usually, there is a day between both payment dates. However, there has been a change in Social Security’s payment schedule.
This change had to be made because August 3 is on the weekend. As Social Security only pays checks and direct deposits on weekdays which are not holidays, it will be sent on August 2 instead.
Not surprisingly, those who get retirement or SSDI benefit and SSI too, will get all their money in those 48 hours. Inflation and soaring prices is making it difficult to make ends meet. So, getting money in advance is always welcome.
More changes to come in August for those on SSI and Social Security
Bear in mind that the September payment for SSI will be due on August 30, rather than September 1, 2024. That implies that these recipients on SSI and SOcial Security will get a total of 3 payments during the month of August.
Anyway, save the SSI payment on august 30 for September. It is not extra money or a bonus, make sure you plan your September budget with that money from the payment on August 30.
The average amount for Social Security on August 2 will be $1,918 and the one for SSI $574 if aged 65 or older. Nevertheless, if you receive SSI, it may mean that your retirement benefit is lower than average. Since having a low income is the main reason to collect Supplemental Security Income.