Fact Check: $134 Daily Approved for SSA, SSI, SSDI, and Low-Income Support in August 2024

In a move to support individuals facing financial challenges due to inflation, the Social Security Administration (SSA) has approved payments of $134 per day for recipients of Social Security benefits, including Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and low-income beneficiaries. This approval, finalized in June, is aimed at providing financial relief to disabled, elderly, and low-income individuals.

Understanding SSA, SSI, and SSDI Programs

The Social Security Administration is a federal government agency that provides financial aid to Americans during retirement or in the event of disability. These programs are designed to help individuals who cannot meet their living expenses due to age, disability, or financial hardship.

• Social Security Income (SSI) is a federal program that offers monthly payments to older adults with disabilities and their children. For 2024, SSI beneficiaries will receive monthly payments of up to $943 for individuals, $1,415 for couples, and $472 for essential persons, based on their annual net gross income.
• Social Security Disability Insurance (SSDI) provides monthly payments to disabled workers and their dependents. Eligible SSDI recipients can receive between $1,150 and $2,590 per month, depending on their specific circumstances. The newly approved $134/day payments will supplement these benefits to help recipients cope with rising living costs.

Impact of the $134/Day Payments

The newly approved $134/day benefit will be available to Social Security, SSI, and SSDI recipients, providing much-needed financial support for low-income Americans. This decision comes as inflation continues to strain living expenses, especially for vulnerable groups such as the disabled and retired.

These payments are designed to alleviate the economic pressure many recipients face, ensuring they can better manage essential costs such as housing, healthcare, and daily living expenses. The funds will be disbursed through federal programs supported by U.S. tax revenue.

Payment Schedule for SSA, SSI, and SSDI Recipients

The distribution of benefits follows a monthly schedule based on beneficiaries’ birth dates:

• Born between the 1st and 10th: Benefits are paid in the second week of each month.
• Born between the 11th and 20th: Payments are issued in the third week.
• Born between the 21st and 31st: Recipients will receive their financial aid in the fourth week of each month.

This structured payment plan ensures that all eligible beneficiaries receive their benefits in a timely manner, providing consistent financial support throughout the year.

Conclusion

The SSA’s approval of $134/day payments is a significant step in addressing the financial struggles faced by millions of low-income, disabled, and retired Americans. With this added financial assistance, recipients can better navigate the rising costs of living, ensuring a more secure and stable future.