Recipients of Supplemental Security Income are set to receive their second of two September payments in 17 days.
Eligible recipients can expect their payment of $841 on Sept. 30, equaling a monthly total of $1,682 after receiving another payment at the beginning of the month, according to the Social Security Administration. September is one of three months in the year in which there are two SSI payments, with the other two months being April and December.
SOCIAL SECURITY PAYMENT 2022: SECOND HALF OF MONTHLY $1,682 CHECKS TO BE SENT IN JUST WEEKS
Eligible couples will have two payments of $1,261 during September. Essential persons, meaning people who live with a person receiving SSI and provide necessary care, will receive two payments of $421 to be paid out on the same days.
The double payments offset the months in which no payments are sent out to ensure eligible recipients receive 12 payments a year, according to the SSA schedule. For 2022, payments are not made in January, May, and October because the first days of those months were on a holiday or a weekend.
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Since 1974, the SSI program has provided money to those who qualify in order to give financial relief to those with limited incomes and resources. Based on the current rate, Social Security will be unable to pay out in full by 2035, according to Nexstar Media Wire.
Next year, Social Security payments will likely rise due to growing inflation rates, analysts said. But some people may end up earning less than what they receive right now because the increase in payments could place them in higher tax brackets.
