TThroughout this December 2023, Supplemental Securities Income (SSI) There will be new cost-of-living adjustments in the United States.
Due to high inflation, Social Security Administration (SSA) Your COLA increased by 3.2% in 2024, but unlike other Social Security recipients, that increase will be reflected. From December 2023until January of the following year.
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Why wait for two checks in December?
If you look at the message center in your My Social Security account, you’ll see a notification about your new benefit amount.
The deadlines for creating an account are as follows: November 14thSo, if you miss that date, wait for a letter to arrive in the mail with all the details about your increase.
SSA follows a strict schedule when making monthly payments. For SSI recipients, payments are almost always 1st of every month.
There are two reasons why your payment may not arrive on the 1st of each month. If your regular payment date falls on a holiday or weekend.
January 1, 2024 is a holiday. In this case, the administration will send out the check by the nearest business day (Friday in this case).
Instead of receiving your January 2023 check in January, you will receive it the next day. December 29th of this year.
If you receive SSI, your new benefit amount will be paid on December 29th. The first increased payment is scheduled for January 1st (a holiday), meaning you will receive your first payment of 2024 sooner.
If you also receive Social Security benefits along with SSI, you will only receive an SSI increase in December. The increase in Social Security benefits will begin on Wednesday, January 3rd.
