Supplemental Security Income beneficiaries are set to receive their $841 monthly payments in 18 days.
Couples eligible for SSI will receive their regular payments of $1,261 on Dec. 1. Essential people, or those who live with people receiving SSI and provide necessary care, will receive payments of $421 at the beginning of next month.The Social Security Administration began issuing SSI payments to eligible individuals and couples in January 1974. The size of payment has increased for cost-of-living adjustments since 1975 to combat year-to-year inflation, per the agency.
The administration sends out SSI payments on the first of each month, but when that day falls on a holiday or weekend, payments are issued on the last weekday before the first of the next month, according to the agency. Scheduling quirks occurred for the January, May, and October payments this year, and beneficiaries received two of their monthly payments in the same calendar month.Some estimates say Social Security insolvency will occur in 2034 at the earliest unless acted on by Congress.
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