Social Security update: First of March's two SSI payments will arrive in 13 days

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Social Security update: First of March's two SSI payments will arrive in 13 days
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Recipients will receive the first of their two March Supplemental Security Income checks in 13 days. The first payment will be sent out on March 1 and will be worth $914 for individual recipients. The second payment will be sent on March 31.

The first payment will be sent out on March 1 and will be worth $914 for individual recipients. The second payment, which is worth the same amount, will be 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, then 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 also occur in three other months this year. In 2023, it will be June, September, and December because the first of the month falls on a weekend or holiday in July, October, and January 2024.

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

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