Social Security update: First of double direct payments worth $914 to arrive in eight days

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Social Security update: First of double direct payments worth $914 to arrive in eight days
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Recipients will receive the first of March's double Supplemental Security Income payments in just eight days. The first individual payment will be sent out on March 1 and will be worth $914.

The first individual payment will be sent out on March 1 and will be worth $914. Recipients will receive a second payment of the same amount later in the month on March 31, equaling a total of $1,828 for the month for those filing individually.Eligible couples will also receive two payments on March 1 and 31, but their payments will be worth $1,371 each.

Double payments will also occur in three other months in 2023. These months will be June, September, and December this year because the first of the month falls on a weekend or federal holiday in July, October, and January of 2024.The SSA normally only gives out one check each month. But in the months that the first occurs on a weekend or holiday, recipients receive two checks the month prior.

The Social Security Administration issued its first payment in 1974. However, the administration changes the check amount every year to keep up with the cost of living and inflation.

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