SSI $967 Payment Date: Check the Monthly Payout Schedule!

The first boosted payment of SSI $967 will be issued in January 2025 and January 2025 will be a holiday so the payment will be sent to eligible recipients on 31 December 2024. The other SSI $967 payment dates for each month will be given on the 1st of the month if it does not fall on a weekend or holiday. 

The payments of SSI will be pushed back to the previous business day month in case of holidays or weekends. Due to the 2.5% COLA adjustment, recipients will receive boosted SSI payments in 2025. 

SSI $967 Payment Date 

The Supplemental Security Income (SSI) is a federal assistance program that is handled by the Social Security Administration and this benefit is available to those individuals who are aged, blind, or disabled and have limited income and resources in the United States. SSI $967 payment dates are crucial to know for recipients whose food, clothing, and shelter are dependent on this financial assistance. 

Some people are curious about this new and updated SSI payment but there is no need. The SSI $967 Payment is the updated and increased version of the old $943 SSI payment due to the COLA adjustment to manage inflation. The SSI payments are typically sent to qualifying individuals on the first of each month if it’s not a holiday or weekend.

In case of holidays or weekends, the payment dates are shifted to the previous month’s business day and the SSI $967 payment date for 2025 will also follow the same process. If any month’s 1st date comes with a holiday or weekend, then recipients get two payments in one month and none in the next month. Let’s explore the dates of SSI $967 payment for each month of 2025.

Who is going to receive the SSI $967 Payment?

The eligibility criteria for the SSI $967 payment are discussed below to check whether you will be eligible for this payment or not.

• Recipients whose age is 64 or under and who have a disability that affects their work, results in death, or limits their daily activities and recipients whose age is 65 or older are qualified for SSI $967 payment. 
• Recipients who have little or no income are also qualified. The single individual income limit to get SSI payments is $1,971 with other income sources including disability benefits, unemployment, and pensions. 
• Recipients who have little or no resources are qualified for SSI payment and the limitations of resources are $2,000 for individuals, $3,000 for couples, and $2,000 additional if you are applying for a child. 

Monthly SSI Payments Rate Boost 2025

The new boosted payment of SSI for the year 2025 rates are given below and these rates are increased after the adjustments of COLA at 2.5%. These adjustments happen to maintain the day-by-day rising cost and to manage daily life necessities by needy persons. 

Why will recipients receive an increased SSI $967 Payment in 2025?

Recipients will receive an increased SSI $967 payment in 2025 which is almost $25 up from the 2024 rate because of COLA adjustment. The Cost-of-Living Adjustment (COLA) adjustment happens every year to maintain pace with inflation and it’s calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) by the Social Security Administration. 

For 2025, the COLA rate will be 2.5% and this will affect each social security benefit in a positive way. Every recipient of social security benefits will see a boost on the amount of their benefits such as retirement, survivors, Medicare, disability benefits, etc. This SSI and other social security boost is just like a lifeline to handle everyday financial pressure for millions of Americans. 

Economic Benefits of COLA

The main economic benefit of COLA is a manageable life of recipients by providing them enough financial support. The COLA adjustment helps them manage their life, food, shelter, and other necessities. If the recipients spend more on goods and services, then the economy of the country will see growth in its level. 

The COLA adjustment also contributes to the reduction in poverty by affecting benefits amount and the reduction of Poverty positively affects the overall economy. This adjustment also reduces the stress level of beneficiaries which comes during managing purchase power. The boost of SSI $967 payment and other social security benefits allow individuals to live better lives. 

Step-by-Step Process to Apply for SSI $967 Payment

The step-by-step application process for the SSI $967 payment is given below if you want to be a new beneficiary of this payment. If you are already a recipient of SSI payment then there is no need to apply separately for this payment because the Social Security Administration will inform you through notification about your new payment rate expected to be in December. 

• Interested applicants have to go to the official website of the Social Security Administration(SSA) available at https://www.ssa.gov/ssi.
• You can complete the application online, in person or by phone method.
• You just need to provide the required information and documents such as personal information, age proof, residency proof, income information, medical records, etc. 
• After the completion of the whole application requirements, submit it according to your chosen method.
• After the submission of the application, you may be called for an interview by SSA so be prepared for other requirements for this stage. 
• The SSA will send you a letter that contains their decision regarding your application after reviewing your application.