We now have an early estimate of how much SSI payment amounts will be thanks to the 2024 Presidential budget request. President Biden asked Congress for over $61.5 billion for the SSI program. Most of that appropriation would go toward federal benefit payments for the expected 7.3 million Federal SSI recipients. The budget estimates a 2024 COLA, and therefore, also an early projection for 2024 SSI check amounts. We explain.
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0:00 SSI Budget for 2024
1:20 Estimated COLA
1:57 Estimated 2024 SSI Check Amounts
2:13 Statement
2:36 Sources
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