Social Security Update: The monthly $841 Supplemental Security Income payment will be sent today | Techno Glob

BSupplemental Security Income beneficiaries will receive their regular $841 monthly payments today.

SSI-eligible couples will receive monthly payments of $1,261 on Nov. 1 with dependents, or those who live with and provide care for SSI recipients, will receive payments of $421 at the beginning of the following month. good

The Social Security Administration sends SSI payments on the first day of each month, but when that day falls on a holiday or weekend, payments are issued on the last weekday of the first day of the following month, according to the agency.

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Scheduling quirks occur for January, May and October payments this year, and beneficiaries will receive two of their 12 payments for the year in the same calendar month.

Click here to read more from the Washington Examiner

SSI payments to eligible individuals and couples were first issued by the Social Security Administration in January 1974. To combat year-over-year inflation, the cost-of-living adjustment payment has increased since 1975, according to the agency.

Some analysts estimate that Social Security will go bankrupt in 2034 at the earliest unless Congress acts.

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