18-64-year-olds to receive a payment of about $744 from SSI in October confirms Social Security

The Social Security Administration (SSA) has confirmed that the next Supplemental Security Income (SSI) payment will be issued in less than 24 hours. All SSI recipients will receive their payments on the same day, although the amount each individual receives will vary based on several factors.

Average SSI Payments for October

For the month of October, the average SSI payment will be approximately $744 for individuals aged 18-64. While this is a significant amount, it is not the largest average payment among the various age groups that receive SSI benefits.

The highest average payment goes to children under 18, who can receive around $820 on average. It’s important to note that children are eligible for Supplemental Security Income payments, making this a crucial resource for families in need.

For those aged 65 and older, the average SSI payment is about $575. This lower average is primarily due to many seniors also receiving Social Security retirement benefits, which can affect their SSI eligibility and payment amounts. The maximum benefit for SSI recipients is set at $943 for individuals and $1,415 for married couples.

October Payment Date

All SSI beneficiaries will receive their payments on the same date, which simplifies the process compared to Social Security payments, where the number of recipients can vary widely. The payment for October will be sent on October 1, 2024. Payments are typically disbursed on the first day of the month, unless that day falls on a weekend or holiday.

If you qualify for the October 1 payment and continue to meet the eligibility requirements, the subsequent payments will be scheduled as follows:

• November 1, 2024
• November 29, 2024 (Check or direct deposit for December)
• December 31, 2024 (Check or direct deposit for January 2025)

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Alton Walker

Alton Walker is an experienced author at goaifa.com, specializing in USA News, Crime News, and Finance News. Known for his in-depth analysis and timely reporting, Alton covers pressing national issues and financial developments with clarity and insight. His articles offer readers a reliable source of information on current events and valuable perspectives on the financial world.

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