Who Receives Social Security Payments in October?
As October begins, millions of Americans are looking forward to receiving their Social Security (SSA) payments, which have been adjusted by the 2024 Cost-of-Living Adjustment (COLA). However, not all recipients will get their payments at the same time.
Those participating in the Supplemental Security Income (SSI) program will receive their payments earlier than others. SSI payments are typically distributed on the first day of each month, unless the first falls on a weekend or federal holiday. In such cases, the payments are sent out early.
Who Qualifies for SSI?
The SSI program provides monthly financial assistance to individuals with limited income and resources, particularly those facing financial hardship due to age, disability, or blindness. The program, created in 1972 as p...