7.5 million Americans will receive a new Supplemental Security Income payment before September comes. SSI checks and direct deposits will provide financial support to eligible recipients.
As a matter of fact, the September 1 payment will be delivered on August 30 instead. The Social Security Administration will send it 2 days in advance because Sunday, September 1, cannot be a payday. Both banks and SSA offices will be closed on that date.
Will the September payment for SSI include the 2025 COLA?
The SSI payment for September on August 30 will not include the 2025 COLA. Recipients will not enjoy the next boost until December 31, 2024. However, the maximum amounts were updated last December.
SSI maximum benefit payment is worth $943 for an individual. If you are receiving Social Security retirement or SSDI (disability benefits) you may get a reduction of your Supplemental Security Income payment.
Sometimes you and your spouse may qualify for Supplemental Security Income. If you are in this situation, you could receive up to $1,415. Average payments tend to be lower though and they have decreased lately.
SSI average payment
The average amount a Supplemental Security Income beneficiary can receive is about $695 as of July 2024. This figure is down from $699 in June 2024. Some Social Security changes may help applicants qualify for this benefit for low-income Americans.
Seniors aged 65 or older can receive an average payment of just $574. This is because they may be receiving retirement benefits simultaneously. The SSI recipients with the largest average payments are those aged 17 or younger.
The under-18s can get $805 on average. If you belong to the 18-64 age group, you may wonder about your average payment. SSA claims that it is about $742. Those Supplemental Security Income beneficiaries with lower payments may need SNAP benefits as well. Apply for this USDA benefits can be of great help to save money and buy nutritious groceries.