Millions of SSI users will get increased payouts of $914 in only 5 days. The cost-of-living adjustment (COLA) is responsible for the increase.
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This indicates that each SSI recipient will receive a monthly payment increase of up to $73 per month.
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The 8.7% new COLA is intended to help Americans who are struggling financially due to high inflation.
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Due to January 1 being a Sunday and a federal holiday, recipients will get two December payments.
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The 1st payment, which was around $841, was made on December 1; the 2nd payment, which will reflect the revised benefit amount, will reach accounts on December 30.
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On the SSA website, you can start the application procedure and finish a sizable portion of it. Alternatively, you can dial 1-800-772-1213 toll-free.
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You'll need your Social Security number, birth certificate, pay stubs, information about your house, and other documents proving your income.
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You must include information about the hospitals and clinics you've attended if you're applying due to a disability or blindness. Beneficiaries of the Social Security and Social Security Disability Insurance (SSDI) programs will be affected by the increase.
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Individuals must only have $2,000 in assets, while couples may have $3,000 in assets. Children who qualify may receive higher benefits because many don't normally have jobs.
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