Social Security payments exist in the United States so that everyone can have money to live on. This Social Security payment can be for widowhood, disability or retirement. Blind people can also receive this benefit. But there is one more payment that some people can also receive. That payment is Supplemental Security Income (SSI), which benefits people with lower monthly incomes.
If you are on the list of people who can receive the SSI payment, you should know that you will soon have the amount of money in your bank account for the month of July. Every month the first day of the month is the date to receive this amount, so in a very short time you will be able to have this financial benefit from Social Security.
July 2022 SSI Payment Date
The exact date of the July 2022 SSI payment is Friday of next week. This Friday is July 1, 2022. When the 1st of the month is a holiday or weekend, the payment date changes, but this time there is no problem with this situation. If you began receiving your Social Security before May 1997, you will also receive your benefit on July 1.
After that, for the rest of the year, you can receive your payment on the same days, i.e., you will always receive your Supplemental Security Income on the 1st of the month. You will not need to do anything else other than wait to receive it. Remember that sometimes it may take a little while for your payment to arrive in your bank account. If three days go by and you still haven’t received your payment, visit a local office for more information.
Anyway, don’t worry, because if your Social Security pension or SSI is accepted you will receive it in your bank. It’s just a matter of time before the amount shows up in your bank account. Remember that there is also the Direct Express option, which is faster and does not require a bank account.
If you want to apply for Direct Express, just contact your local office. You can also do it online through the Social Security’s dedicated website. The process is quick and easy, so you should be up and running in no time.
SSI amounts in 2022
The maximum monthly federal amounts for 2022 are $841 for an eligible individual, $1,261 for an eligible individual with a spouse, and $421 for an essential person. This means that the final SSI amount depends on whether you apply alone or with a partner.
Each year, SSI payments are also adjusted by COLA, inflation and general price increases. To keep track of all the increases, it is advisable to look at the government’s Social Security website. There we can find all available and necessary data. Next year the COLA will raise the SSI payment a little, as it does every year, to keep up with the increase in prices and inflation. But you don’t have to worry about anything other than getting paid, since that increase is fully automatic.
Thanks to this increase in Social Security Income with the COLA, all beneficiaries will have a better purchasing power. But we won’t know the exact amount that SSA and SSI pensions will increase until October, so we will have to wait a bit.
