Supplemental Security Income recipients will receive their next monthly payment of $914 in nine days.
The money from this SSI payment will allow recipients to afford basic everyday items and goods like food and shelter. These payments from the Social Security Administration, which will be sent to recipients on Feb. 1, are intended to help elderly, blind, and disabled people who have little or no income of their own, according to the SSA.
Recipients of these payments are not receiving any payment this month because they received two payments in December — one on Dec. 1 and the second on Dec. 30. The latter served as the SSI payment for January. The SSA typically gives its SSI payment to recipients on the first of the month, with 12 payments being issued by the administration every year. However, when the first day of a month occurs on a weekend or holiday, the payments for that day are given on the last business day of the previous month. That was the case for the payment made on Dec. 30.
Payments to SSI recipients this year will be slightly higher than the payments issued in 2022 due to a cost-of-living adjustment made by the SSA. The payment amount issued to recipients in 2022 was $841. This year's payment is 8.7% higher to reflect the adjustment.
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