Social Security confirms no more SSI payments until October
The Social Security Administration (SSA) has confirmed that Supplemental Security Income (SSI) recipients will not receive further payments until October. This change in the payment schedule has raised concerns among those who depend on these funds to meet their basic needs. If you’re affected by this delay, it’s crucial to understand the reasons behind the pause and how to manage your finances until payments resume.
Understanding Supplemental Security Income (SSI)
The Supplemental Security Income (SSI) program provides financial assistance to individuals with limited income, disabilities, or those over the age of 65 who lack sufficient resources to cover their essential expenses. Managed by the SSA, this program offers monthly payments that help millions of Americans make ends meet.
How SSI Supports Those in Economic Hardship
SSI is a critical financial aid program for individuals facing economic challenges, as it helps cover basic needs such as food, housing, and medical services. Unlike other Social Security programs funded through worker contributions, SSI is funded through the U.S. Treasury. This distinction makes it specifically designed for individuals who are unable to work or have very limited income.
Key Dates in the SSI Payment Schedule
To help you plan ahead, here are the important dates for SSI payments for the remainder of the year:
- September Advance Payment: August 29
- October Payment: October 1
- November Advance Payment: October 31
- December Payment: December 1
As shown, there will be no direct payments in September or November; however, beneficiaries will have received their funds in advance. It’s essential to keep this in mind to avoid any financial difficulties during these months.
Why Your SSI Payment Dates Are Changing in 2024
Every year, the SSA establishes a payment schedule for all the programs it manages. Typically, most SSI payments are made on the first of each month. However, if the first day falls on a weekend or holiday, the payment is moved to the last business day before the scheduled date.
For the remainder of 2024, SSI beneficiaries should note that there will be no payments in September or November. This does not indicate that benefits for these months are lost; instead, the payments were simply moved up. For instance, beneficiaries received their September payment on August 29, and the November payment will be issued on October 31.
