There have been rumors circulating that SSDI (Social Security Disability Insurance) and SSI (Supplemental Security Income) benefits will see a significant increase ranging from 17.8% to 21.1% in 2024.
This has caused confusion among beneficiaries who rely on these payments to meet their basic needs.
However, after thorough investigation, it is clear that these rumors are unfounded, and no such increase has been approved by the Social Security Administration (SSA).
21.1% – 17.8% Increase For SSDI & SSI Checks In 2024
The rumor suggests that SSDI and SSI payments will increase by 21.1% annually or 17.8% monthly in 2024 due to inflation.
These percentages appear to have been mistakenly associated with SSDI and SSI benefits, leading to the false belief that beneficiaries will receive substantial increases.
In reality, these figures are not linked to actual payment increases but rather reflect exaggerated claims about inflation impacts.
The Truth About the Increase
The SSA has not announced any such significant increase for SSDI or SSI benefits in 2024. Instead, the actual adjustment for these benefits is determined by the Cost-of-Living Adjustment (COLA), which is based on the Consumer Price Index (CPI). For 2024, the COLA is set at 3.2%, which is a modest increase designed to help beneficiaries keep pace with inflation.
Key Points:
- No 21.1% or 17.8% Increase: These figures are not associated with any actual SSA-approved benefit increases. The actual COLA increase for 2024 is 3.2%.
- SSA Payments: SSDI and SSI benefits will continue to be paid according to the existing schedule, with the modest COLA increase factored in.
- Inflation and Benefits: While inflation has been a concern, the SSA adjusts benefits through COLA, not through random percentage increases like those suggested in the rumor.
Payment Dates for 2024
The SSA releases payments according to a fixed schedule, which depends on the beneficiary’s birth date:
- SSDI Payments:
- If born between the 1st and 10th: Payment on the 2nd Wednesday (e.g., July 10, 2024).
- If born between the 11th and 20th: Payment on the 3rd Wednesday (e.g., July 17, 2024).
- If born between the 21st and 31st: Payment on the 4th Wednesday (e.g., July 24, 2024).
- SSI Payments: Payments are typically made on the 1st of each month, with the next scheduled payment on July 1, 2024.
Eligibility for SSDI and SSI Benefits
To qualify for SSDI or SSI, you must meet the following eligibility criteria:
- Residency: Must be a resident of the United States.
- Age: Generally, 65 years or older for SSI, but younger individuals may qualify if they have a qualifying disability.
- Disability Status: Must have a recognized disability for SSDI or meet the low-income requirements for SSI.
- Tax Compliance: Must have paid Social Security taxes as required.
Fact Check: The Reality of the 21.1% – 17.8% Increase
After thorough fact-checking, it is confirmed that no such 21.1% or 17.8% increase in SSDI or SSI benefits will occur in 2024.
The SSA has clearly stated that the only adjustment to these benefits for 2024 is the 3.2% COLA. Beneficiaries should rely on official information from the SSA and avoid falling for misinformation.
The rumors of a 21.1% to 17.8% increase in SSDI and SSI checks for 2024 are not true. Beneficiaries should expect only the standard COLA adjustment of 3.2% and should continue to monitor the SSA’s official communications for any updates.
It’s crucial to stay informed through credible sources to avoid any confusion or misinformation regarding your benefits.
FAQs
Is there a 21.1% or 17.8% increase in SSDI or SSI benefits for 2024?
No, this is a false rumor. The actual increase is 3.2% due to COLA.
What is the COLA increase for SSDI and SSI in 2024?
The COLA increase for 2024 is 3.2%.
When will the SSDI and SSI payments be made in 2024?
SSDI payments are made on Wednesdays based on your birth date, and SSI payments are typically made on the 1st of each month.
What should I do if I receive misinformation about my benefits?
Always verify information with the official SSA website or contact them directly.
How can I check my SSDI or SSI payment schedule?
Visit the official SSA website at ssa.gov for the payment schedule.
