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Update Security Income Payment 2022

AFTER receiving their first Social Security payments in January, millions of Americans are expecting more checks in February.

Here’s what you need to know about February Date of payment.

SSI benefits are distributed on the first day of each month, unless it falls on a weekend or holiday.

As a result, recipients should receive their check by Tuesday, February 1, 2022.

SSI recipients include adults and children with disabilities or blindness with income and resources below specific financial limits.

Follow Social Security Administrationthe monthly maximum for SSI is $841 per month for an individual in 2022 or approximately $10,092 on an excluding annual basis.

For couples, the maximum benefit will be $1,261 a month, or $15,136.93 on an exclusivity annual basis.

Read our Supplemental Security Income live blog for the latest news and updates…

  • Why is COLA so high this year?

    The 5.9% increase was the largest increase in COLA in nearly 40 years. Last year, benefits rose only 1.3%.

    The increase comes as inflation continues to affect consumers.

    Interests increased 5.8 percent in 2009, but in subsequent years the adjusted level was zero.

    Some beneficiaries have feared that despite the cash increase, the payments will not be able to cover the costs of inflation.

https://www.the-sun.com/money/4647876/supplemental-security-income-social-ssi-payments-exact-date/ Update Security Income Payment 2022

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