From the initial $814 Social Security Income (SSI), 33 states had a boost of up to $140 for their July Social Security Income (SSI).
$914 July Social Security Income (SSI)
Individuals from the 33 states with an increase in their July Social Security Income (SSI) will now have $914 for July Social Security Income (SSI). For couples, the July Social Security Income (SSI) will be up to $1,371, which was also included in the overall increase for July Social Security Income (SSI).
The increase in July Social Security Income (SSI) can be attributed with the climbing cost-of-living adjustments (COLA), as measured by the Department of Labor. The higher cost-of-living is related to high inflation rates in the country, which means prices for basic needs like food, water and electricity are higher.
For couples, their July Social Security Income (SSI) will receive up to $1,371 for their July Social Security Income (SSI), which was also included with the overall increase for July Social Security Income (SSI).
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Payments Schedule after July Social Security Income (SSI)
Payments for Social Security Income (SSI) will be distributed on the FIRST DAY of each month. For July Social Security Income (SSI) however, the payment was released last June 30 because July 1 was Saturday. Also, if the first day of the month was declared a holiday, payments will go out on the last day of the month instead.
According to the Social Security Administration, millions of Americans will experience at least 8.7% increase for their July Social Security Income (SSI).
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