Sometimes you wonder how much an SSI or Social Security beneficiary receives each month. Because you may not know someone to talk to about it, you can simply look at the average payments as of October 2024, which were released in November 2024. Depending on your age, you may receive a higher or lower Supplemental Security Income payment.
For example, according to the SSA’s Monthly Statistical Snapshot for October 2024, SSI users aged 65 and over will get the least benefit payments, $576 on average. This could happen since many of them get Social Security retirement benefits, which frequently cuts their payment amount.
What is the average SSI payment for all recipients?
The average check or direct deposit for Supplemental Security Income recipients is around $697. Actually, it hasn’t changed much, but it has somewhat decreased since January 2024.
Recipients aged 65 and over can earn an average of $576, while those under 18 can receive $803. If you are between the ages of 18 and 64, your average payment is approximately $745.
As a result, age plays a role in determining the average amount of SSI you can receive. SSDI beneficiaries are paid more than Supplemental Security Income recipients (on average), but less than Social Security retirees.
SSI average payments compared to SSDI and retirement
Since SSI payments are a supplement for low-income Americans who either have a disability or are at least 65, average checks and deposits tend to be lower.
- SSI: $697
- SSDI: $1,542
- Social Security retirement benefits: $1,924
The Administration has announced more typical payout amounts, which are not limited to SSI, SSDI, or retirement. For example, consider the average sum for survivor benefits.
As of October 2024, they are worth around $1,509.29. Widowed moms and fathers can receive approximately $1,287.88 in Social Security benefits on average.
However, children of deceased workers can receive an average of $1,104, which is somewhat less. On average, disabled widow(ers) receive $927.53, while parents of deceased workers earn $1,627.16.
Also See:- Coin collectors in the USA long for this rare Canadian cent worth up to $3,000
Leave a Reply