Get two SSI checks in December: one of them will have the 2025 Cost of living adjustment included

In the US, SSI beneficiaries receive their benefits on a monthly basis.These citizens often receive their monthly payments on a regular basis. Nonetheless, some calendar modifications may result in unique circumstances where receiving multiple payments in a single month is feasible. This generally happens when the regular deposit timetable is impacted by weekends or holidays.

For SSI users, December 2024 will be a special month because it will allow them to access two payments in one month. In addition to calendar anomalies, the cost-of-living adjustment (COLA), which will take effect in January 2025, is also to blame for this problem. In the face of inflation, which results in higher program payments, the COLA, which this year will be 2.5%, aims to preserve beneficiaries’ purchasing power.

Let’s examine how the payments are set up to get both checks in December in order to gain a better understanding of the situation. Understanding how the COLA affects SSI amounts, a vital tool for millions of people in precarious financial situations, is also crucial.

How to get two SSI checks in December?

Two important factors pertaining to timing and payment type must be taken into account in order to guarantee receiving two SSI payments in December 2024.

1. November check received in December. The first payment beneficiaries may get in December corresponds to the deposit scheduled for November 29, 2024. This payment is technically the payment for the month of December. Those who do not have Direct Deposit activated will get their check in early December.
2. January check advanced to December. The second check will be the January 2025 SSI check , scheduled to be mailed on the 31st December 2024. This payment will include the COLA increase and will be reflected in a higher amount for beneficiaries. Those who have Direct Deposit activated will be able to access this payment on the same day of mailing, thus ensuring both checks within the month of December.

It is advised that Direct Deposit be enabled in between the first and second checks in order to streamline this procedure and guarantee that both payments arrive within the same month. The beneficiaries will receive both payments equally, albeit on slightly different dates, if this modification is not made. Therefore, if you are unable to promptly modify the payment method, you shouldn’t be concerned.

Why does SSI increase with the COLA?

The Social Security Administration implements the cost-of-living adjustment, or COLA, every year to preserve the spending power of SSI recipients and other associated programs. The Consumer Price Index (CPI), which tracks shifts in the price of necessities, serves as the basis for this modification.

Since the COLA will be 2.5% in 2025, SSI benefits will rise in line with this amount. For instance:

• The maximum payment for individuals, which is currently $ 943, will increase to $ 967.
• For couples, the maximum amount will increase from $1,415 to $1,450.

For people who depend on SSI for necessities like housing, food, and healthcare, these increases—while seemingly small—represent a substantial relief. Furthermore, in order to prevent a progressive decline in purchasing power over time, the COLA guarantees that benefits retain their value in the face of inflation.

The fact that SSI has increased through the COLA serves as a reminder of how crucial this program is for the most disadvantaged Americans. Beneficiaries can maximize the use of these vital resources, particularly during a month as important as December, if they prepare beforehand and are aware of the payment schedule.

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