Social Security update: First of March's two SSI payments will arrive in 12 days

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Social Security update: First of March's two SSI payments will arrive in 12 days
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Supplemental Security Income recipients will receive the first of their two checks in just 12 days on March 1. Each check will be worth $914 for individual recipients, with the second payment being sent on March 31, totaling $1,828.

Each check will be worth $914 for individual recipients, with the second payment being sent on March 31, making the total amount in March for individuals $1,828.The Social Security Administration typically issues one monthly SSI check on the first day of the month. However, if the first falls on a weekend or holiday, the administration sends out the check on the last business day of the prior month.

Giving people two paychecks in a month means that the administration will give that recipient no checks the following month. But it ensures that recipients still receive 12 paychecks a year. The double payments occur in three other months in 2023. These months will be June, September, and December because the first of the month falls on a weekend or federal holiday in July, October, and January 2024.For eligible couples, the total payment is $1,371 for each check. Essential people, meaning those who live with someone receiving SSI as a caregiver, receive a monthly payment of $458.

The Social Security Administration changes the check amount every year to keep up with the cost of living and inflation.

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