The Social Security Administration (SSA) has confirmed the next SSI payment for the United States. This payment will be processed in less than 24 hours. The good news is that all Supplemental Security Income beneficiaries receive payments on the same day.
However, the amount of money they receive from the federal government will not be identical. It will depend on their low income if they receive other benefits such as SSDI or retirement, and how much money they have saved.
Average SSI Payouts in October
Those aged 18 to 64 will receive approximately $744 on average. Nonetheless, it will not be the highest average payout. However, it is significantly higher than the amount received by other age groups from this federally supported program.
The youngest Americans on SSI will receive the highest average benefit. Children can also receive Supplemental Security Income payments. They can earn almost $820 on average.
If you are 65 or older, your typical payment is approximately $575. This is mostly because seniors may get Social Security retirement payments concurrently. Supplemental Security Income recipients can get a maximum payout of $943 for individuals and $1,415 for married couples.
SSI Payment Date is in October
Regardless of the amount of money you get from the Federal Government, all beneficiaries will have the same payment date. This is due to the lower number of receivers compared to Social Security.
Furthermore, the payout is scheduled for October 1, 2024. Most payments are sent on the first of the month unless it is a weekend or holiday.
If you qualify for the October 1 payment and stay eligible, the next payments are due on:
- November 1 – November 29 (Check or direct deposit for December).
- December 31 (check or direct deposit in January 2025)