Social Security benefits are essential for a great number of Americans. Anything pertaining to SSA payments is always welcomed by the majority as many individuals rely completely on their income.
This time, we're referring about Supplemental Security Income (SSI), which will start appearing in all recipients' bank accounts or Direct Express Cards in the upcoming weeks.
But not everyone is eligible to receive this Social Security payment. The conditions are really stringent.
The idea of giving financial assistance to persons who receive insufficient Social Security benefits gave rise to SSI. Whether the Social Security payout is for retirement or disability is irrelevant.
What matters is that earning less than a certain amount of money is not a primary criteria for receiving SSI. We are able to apply for this SSA benefit by fulfilling that condition.
On August 1, the next SSI payment of up to $841 will be made. Since it is Monday, there are no issues.
The preceding business day takes precedence if the first of the month falls on a weekend or holiday.
However, because August's first falls on a Monday, the Social Security Administration will distribute payments to all SSI recipients on that day.