CASH BOOST: New double Social Security payment coming before end of year – and it’s down to technicality in the system
According to THE SUN, Millions of Americans are set to receive two Social Security payments in a single month before the year concludes. Over seven million individuals in the U.S. receive Supplemental Security Income (SSI), with the maximum monthly benefit for individuals amounting to $943.
SSI benefits are primarily awarded to seniors over 65, as well as disabled adults and children. Payments are typically distributed on the first of each month. However, when the first falls on a weekend, beneficiaries receive their payments on the preceding Friday.
The amount of SSI a claimant receives can vary by state. For instance, residents of Arkansas, Mississippi, and North Dakota do not receive additional state top-ups, while states like Florida and New York provide extra benefits to SSI recipients.
According to Social Security officials, individuals may be eligible for SSI checks if their assets do not exceed $2,000. Applications are open to those aged 18 to 65, provided they reside in one of the 50 states and have not previously received SSI payments.
It’s important to note that several factors can lead to reductions in SSI payments. For example, earnings from self-employment or contracts can affect the amount, as can receiving other disability or unemployment benefits.
In addition to SSI, Americans receive other Social Security benefits, which are distributed monthly based on the recipient’s birthday. Those born between the 1st and 10th of the month receive their checks on the second Wednesday. Recipients with birthdays from the 11th to the 20th are paid on the third Wednesday, while those born between the 21st and 31st must wait until the final Wednesday of the month.
