New Social Security Administration Amendment to Benefit 7.4 Million SSI Recipients – September 2024 Update

New Social Security Administration Amendment to Benefit 7.4 Million SSI Recipients – September 2024 Update

An amendment that would take effect in September 2024 would change the eligibility rules of the Social Security Administration (SSA). This fundamentally has to do with food assistance and applies to those who receive or are part of the Supplemental Security Income Program (SSI). Now, it is known to everyone that SSI provides adults and … Read more

How do your bank savings influence your ability to receive Supplemental Security Income payments?

How do your bank savings influence your ability to receive Supplemental Security Income payments?

How the possession of bank assets influences the possibility of receiving Supplemental Security Income. We explain below. The Supplemental Security Income Supplement (SSI) is establishing itself as a financial lifeline for almost 5 million US citizens monthly. Under the auspices of the Social Security Administration, this program distributes monthly payments to seniors, as well as … Read more

Increase in Social Security and SSI payments starting January 2024

Increase in Social Security and SSI payments starting January 2024

The Social Security Administration (SSA) is in final preparations to implement increases in Social Security payments and the Supplemental Security Income (SSI) program starting next year, thanks to the expected cost of living adjustment (COLA). ). Annually, the SSA calculates the COLA to ensure that the purchasing power of beneficiaries is maintained, adjusting to variations … Read more