Supplemental Security Income recipients are scheduled to receive a payment of $914 on Dec. 30, the first check reflecting 2023’s massive increase for Social Security payments.
SSI recipients are receiving two payments this month due to the first day of next month, January, falling on a national holiday, New Year’s Day. The payment on Dec. 30 will be slightly higher than the first payment from earlier this month on Dec. 1, when SSI recipients received $841, thanks to a cost of living adjustment by the Social Security Administration.
The Dec. 30 payment will mark the first of 2023 SSI payments due to SSI recipients receiving no payment in January 2023. A total of 12 SSI payments are issued by the SSA every year so that recipients get one payment every month.
In 2023, recipients will be given two payments in April, June, September, and December due to the first of those months falling on a weekend or a holiday.
The cost of living adjustment for 2023 will be 8.7%, the largest adjustment the SSA has made since 1981, when the adjustment was 11.2%. The SSA makes these adjustments to keep up with inflation.
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The biggest adjustment made by the SSA was made a year prior, in 1980, when the adjustment was 14.3%. The only years there were no adjustments made were 2010, 2011, and 2016, according to the SSA.
