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Stimulus Checks December: What payments can you expect next month?

The Social Security Administration raised the COLA for 2024 by 3.2% as a result of rising inflation rates.

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One-Time TANF Benefits
One-Time TANF Benefits

Stimulus Checks December: For people who receive Supplemental Security Income, there is good news: in 2023, there will be an additional Cost of Living Adjustment (COLA), which will result in a little increase in income.

The Social Security Administration raised the COLA for 2024 by 3.2% as a result of rising inflation rates. However, you should anticipate receiving your first COLA rise in December 2023 rather than January 2024, in contrast to other Social Security claimants.

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Why is there an increase in SSI benefits?

You will be able to check the message centre on your My Social Security account once early December arrives to see if you have received an update regarding your new benefit amount.

The first cheque for everyone who just receives Social Security benefits will arrive in January 2024.

SSI recipients always get their payments on the first of the month, in accordance with a rigid timetable.

Your payment would not come on the first of any given month for two reasons: if a weekend or holiday falls on the scheduled payment date.

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Stimulus Checks December

January 2024 has a holiday on its first of the month. In this example, the cheque is sent early on the closest business day, which happens to be a Friday.

For this reason, in December 2023, you will receive the cheque for January 2024.

Your revised benefit amount will be paid to you on December 29th if you are an SSI recipient. You’re receiving your first payment of 2024 early because your first higher payment is due on January 1st, a holiday.

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