The Social Security Administration‘s (SSA) payment schedule and COLA fact sheet have unveiled interesting data for SSI recipients. The Supplemental Security check and direct deposits for December will be issued on November 29, 2024.
So, there will be no payment on December 1, but 2 days in advance. More surprisingly, Social Security has scheduled an SSI payday for December. As a matter of fact, it will be delivered on December 31, 2024.
SSI check on December 31 – facts
The Supplemental Security Income payment scheduled for December 31 will be for January. Here is the reason why this December payment will have different payment amounts.
Actually, the SSI check due on December 31 will bring the 2025 COLA increase. For your information, the cost-of-living adjustment will increase Social Security and Supplemental Security Income benefits by 2.5%.
This annual COLA boost is slightly lower than the average of 2.6% in the last decade. Not to mention the fact that it will provide beneficiaries will a lower increase than in 2024, 2023, or 2022.
SSI new maximum amounts with the COLA increase
Depending on the amount you are receiving the COLA increase will give you more or less extra money. For example, if you get a $500 check, your payment will become $512.50 after COLA.
Those couples who receive $1,000 will get $1,025 after the COLA increase. So, that is an additional $25 extra per month. In one year, the boost will provide you with $300 extra per year.
Here are the new maximum amounts:
- $967 for individuals after the COLA increase
- $1,450 for eligible married couples (who both qualify) after COLA
- $484 after COLA for an essential person
SSI is only for low-income Americans who have a disability, are blind, or are at least 65 years old. It is essential to have little or no resources as well as meet other essential requirements. Those who do not have enough money to buy food can apply for the SNAP benefits too.
