With a little under two months many in the US will be happy to see the back of 2022. The year has been marked by a rampant increase in inflation as the world feels the after effects of the COVID-enforced lockdowns.
Supply chain shortages combined with the sanctions imposed on Russian oil following the country’s invasion of Ukraine has meant that Americans across the country are paying dearly for everything ranging from gas to their rent and utility bills.
This has put a tremendous amount of strain on the financials of several households especially that are classified as low-income.
The resulting price hikes have also meant that people are relying more on benefits such as Social Security and Supplemental Security Income (SSI).
With the holiday season just around the corner millions could be in for a timely boost just in time for Thanksgiving.
When will the payments go out?
Approximately 64 million beneficiaries will receive 1,657 dollars during the month of November, starting from the third.
Those who began collecting Social Security prior to 1997 should have seen their payments hit their account on the third with the timeline matching those who are also eligible to claim Supplemental Security Income or SSI for short.
Generally SSI payments are disbursed on the first of every month.
However, for those who started claiming social security after 1997, the timeline will work differently with those individuals being forced to wait for a little while longer.
These individuals will get their payments either on the second, third or fourth Wednesday of the month depending on their birthdays.