The payment of $914 due on December 30 will be made to recipients of Supplemental Security Income in just a little more than a week.

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This month, SSI recipients will receive 2 payments because January 1st falls on a federal holiday, New Year's Day.

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Due to a cost of living adjustment by the Social Security Administration, the payment on December 30 will be a little bit more than the first payment of $841 on December 1.

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2023 will see an 8.7% increase in the cost of living adjustment.

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Since 1981, when the adjustment was 11.2%, this will be the SSA's biggest adjustment. The SSA makes these modifications to account for inflation.

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Due to SSI beneficiaries not getting any money in January 2023, the Dec. 30 payment will be the first of several 2023 SSI installments.

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Per year, the SSA issues a total of 12 SSI payments, ensuring that recipients receive one each month.

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Because the first of those months falls on a weekend or a holiday in 2023, recipients will receive two payments in April, June, September, and December.

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