The first Supplemental Security Income payments of 2023 are set to be paid out to recipients on Wednesday.
The money from this SSI payment, which this year will be worth $914, are payments from the Social Security Administration and are intended to help elderly, blind, and disabled people who have little or no income of their own. These monthly payments allow recipients to afford basic items and goods, such as food and shelter, according to the SSA.Individual recipients will get a $914 check, while couples will receive $1,371 in keeping with the typical SSI calendar regimen.
SSI has been distributing money to eligible recipients since 1974 and provides payments to qualifying U.S. residents who are disabled. More than 7 million people receive payments from the program, while some 65 million receive Social Security.The SSA typically gives its SSI payment to recipients on the first of the month, with a total of 12 payments being issued by the administration every year.
This year, the SSA will issue double payments to recipients in March, June, September, and December because the first day of the following month will either be on a weekend or holiday, according to the SSA's 2023 schedule.
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