The August payment schedule has unveiled that there will be 2 different paydays for Supplemental Security Income (SSI) in the United States. However, this does not mean that it is an additional payment.
In fact, SSI recipients will only receive 12 payments per year, that is, 1 per month. The thing is recipients will get their money in advance from time to time. Since payments always fall on the first day of the month, any payments ahead of schedule means sending them on the previous month.
Why is Social Security sending in advance the SSI payment for September?
The only reason why the Social Security Administration has scheduled the Supplemental Security Income payment on August 30 rather than on September 1 is because it falls on the weekend.
As September 1 is Sunday, the payment needs to be delivered on the previous business day. Social Security never arranges paydays for holidays or weekends. Bear in mind that SSI payments are for low-income citizens.
If there were any delays, these citizens could face food insecurity, lack of funds to pay off debt, or unnecessary stress. What is more, banks are not open on these days and processing payments could take longer too.
SSI direct deposit amounts
The maximum amount an individual can receive from Supplemental Security Income is $943. Nevertheless, many recipients get a reduction because they have resources or other earnings like Social Security Disability Insurance or retirement benefits.
If you are on retirement benefits, you may get an average payment of $574, which is the average amount for 65-year-olds and older. Those aged 18-64 can receive about $743. Even children can receive SSI if they have a qualifying disability or are blind.
The average payment for the under-18s is $815. Do not forget to report any increase in earnings because it may affect your eligibility and your payment amount. If you get married, the new marital status can both decrease or increase your payment amount.