Social Security Recipients to Receive Two Payments in May Due to Calendar Adjustment
Due to a scheduling quirk with June 1st falling on a Saturday, Supplemental Security Income recipients will get an additional payment at the end of May.
- SSI recipients will receive their regular payment on May 1 and an additional payment on May 31, which is actually an early payment for June.
- This adjustment affects those on Supplemental Security Income, which supports individuals with little income, few assets, and a disability.
- The maximum monthly SSI payment in 2024 is $943 for individuals and $1,415 for couples.
- Similar payment schedule adjustments will occur in August and November, with September and the following March being no-payment months.
- The unusual payment schedule has sparked discussions on the financial challenges faced by Social Security recipients amid rising living costs.
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Newsweek 