Social Security update: August direct payment worth $943 goes out in 25 days

Recipients of Supplemental Security Income can expect to see their August payment, worth up to $943, in 25 days.

The payments are given to those living with a serious debilitating disability that negatively affects their ability to make an income, according to the Social Security Administration .

Those who file individually can receive a maximum of $943 per month, and couples filing jointly can receive up to $1,415. An essential person, which is someone who lives with a recipient and cares for them, will receive up to $472. Due to inflation, these amounts have increased by 3.2% since last year.

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To be eligible, filers need to be at least partially blind or have a “physical or mental condition(s) that seriously limits their daily activities for a period of 12 months or more, or may be expected to result in death.”

Recipients can use a calculator from the SSA to determine their total payment. On Aug. 1, the first payment will be sent out.