There’s been a lot of speculation recently about a supposed 21.1% to 17.8% increase in Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) checks in 2024.
Some rumors suggest that beneficiaries could see a significant boost in their payments due to these percentage increases.
However, these claims are largely unfounded, and there is no official confirmation from the Social Security Administration (SSA) regarding such a hike.
21.1% – 17.8% Increase for SSDI & SSI Checks in 2024
The rumor about the 21.1% and 17.8% increase seems to stem from confusion regarding inflation and how it affects cost-of-living adjustments (COLA).
These percentages do not represent actual increases to SSDI or SSI benefits. Instead, they reflect exaggerated interpretations of inflationary trends, leading some to incorrectly assume that similar hikes would apply to benefits.
What You Need to Know About SSDI and SSI Payments
SSDI and SSI are monthly benefits provided by the SSA to help low-income individuals with disabilities. These payments are crucial for millions of Americans who rely on them for daily expenses.
Payments are typically adjusted each year based on COLA, which aims to keep benefits in line with inflation. However, the COLA increase for 2024 is expected to be far lower than 21.1% or 17.8%.
Debunking the 21.1% – 17.8% Increase Claims
The rumors claim that SSDI and SSI benefits would increase by 21.1% annually or by 17.8% monthly in 2024. However, SSA officials have stated that no such dramatic increase is planned.
In reality, COLA adjustments are based on the Consumer Price Index (CPI), and while inflation has been a concern, the projected COLA increase is estimated to be around 3%, not anywhere close to 21.1% or 17.8%.
Payment Dates for SSDI and SSI in 2024
Despite the rumors about a significant payment increase, SSDI and SSI payments will continue to follow the regular schedule in 2024. Here’s a breakdown of the payment dates:
| Benefit Type | Payment Date | July 2024 Schedule |
|---|---|---|
| SSDI (born 1st-10th) | 2nd Wednesday | July 10, 2024 |
| SSDI (born 11th-20th) | 3rd Wednesday | July 17, 2024 |
| SSDI (born 21st-31st) | 4th Wednesday | July 24, 2024 |
| SSI Payment | 1st of the month | July 1, 2024 |
Eligibility for SSDI and SSI in 2024
Eligibility for SSDI and SSI benefits in 2024 remains unchanged. Here are the key criteria:
- Residency: You must be living in the United States.
- Age: For SSI, you typically need to be 65 years or older, or under 65 with a qualifying disability.
- Disability: You must have a disability that meets SSA criteria.
- Work History and Taxes: For SSDI, you must have a sufficient work history and have paid Social Security taxes.
Why the Rumors Persist
The rumors of a 21.1% to 17.8% increase likely continue due to ongoing economic challenges like inflation and rising costs of living.
With many people facing financial hardship, there is a growing desire for higher benefits. Unfortunately, these rumors create false hope for beneficiaries who are struggling.
What Is Actually Happening with SSDI and SSI in 2024?
While a significant increase in SSDI and SSI benefits would certainly be welcomed by recipients, the reality is that the SSA has no plans to implement such drastic adjustments.
The COLA for 2024 will likely be modest, around 3%, reflecting the actual inflation rate rather than the inflated figures circulating in rumors.
Conclusion: Stick to Verified Information
The supposed 21.1% – 17.8% increase in SSDI and SSI payments is not based on any official information.
The SSA has not approved any such increase, and beneficiaries should be cautious of misinformation. Always rely on credible sources like the SSA website for accurate updates on your benefits.
FAQs
Is the 21.1% – 17.8% increase in SSDI and SSI checks real?
No, this increase is not real. It is based on misleading information and rumors.
What is the expected COLA increase for 2024?
The expected COLA increase for 2024 is around 3%, not 21.1% or 17.8%.
When will SSDI and SSI payments be made in July 2024?
SSDI payments will be made on July 10, 17, and 24 depending on your birth date. SSI payments are scheduled for July 1.
Who qualifies for SSDI and SSI benefits?
Eligibility is based on factors like residency, age, disability, work history, and income level.
Where can I find accurate information on Social Security benefits?
Visit the official SSA website at ssa.gov for reliable updates.
