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SSI Direct Payments: Recipients Are Getting Their First COLA Increase In December

Social Security COLA
Social Security COLA; Source- The US Sun

The Social Security Administration increased the cost-of-living adjustment (COLA) by 3.2%, which means that recipients of the December stimulus check are expected to receive an increase in their SSI direct payments.

Social Security COLA

Social Security COLA; Source- Yahoo Finance

Expect An Increase In Your SSI Direct Payments This December

SOURCE– Recipients of the Supplemental Social Security Income are expected to receive a bit of extra cash in their SSI direct payments in December 2023.

The reason for the increase in SSI direct payments is due to the Social Security Administration increasing the cost-of-living adjustment, or COLA, by 3.2%. The reason for the increase in COLA is due to the escalating levels of inflation.

Recipients can expect to see their first COLA increase in their SSI direct payments in December 2023 instead of January 2024.

READ ALSO: Warning For Holiday Shoppers: Be Careful Of Tricky ‘Discreet Shipping’ Scams When Buying Gifts

Why You Will Receive Your 2024 SSI Direct Payments Earlier Than Expected

According to Marca, SSI recipients always receive their direct payments on the first of each month. However, since January 1st is a holiday, your January 2024 direct payments will be sent earlier. You will receive your January 2024 direct payments on the 29th of December, instead of January 1st.

SSI recipients can check their My Social Security account message center for any announcements and notices about the new benefit amount.

READ ALSO: SSI Direct Payments Worth $914 Will Be Released On December 1st

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