SSI: Who Benefits and What's Next?

Money Explainers

Understanding SSI: Who receives Supplemental Security Income, and what's next for these vital benefits?  Get insights into recipient numbers and potential COLA increases for 2026. Millions rely on SSI. Are you one of them? 🔍 Learn about the program, why payments might stop, and the states with the most recipients. Plus, a look at potential benefit increases for 2026!  #SupplementalSecurityIncome.  #BenefitUpdate. #FinancialAid. #SS.  #DisabilityBenefits.  #SeniorSupport.

Transcript

00:00Supplemental Security Income, or SSI, is a vital federal program that provides monthly support to

00:05some of the most vulnerable Americans, adults and children with disabilities or blindness,

00:10as well as adults aged 65 and older who have limited income and resources.

00:15As of May 2025, some 7.4 million individuals rely on these crucial benefits.

00:22SSI recipients are found across the nation, but some states have a significantly higher

00:26number of beneficiaries. California leads the way, with just shy of 1 million SSI recipients.

00:34While the number of people collecting Social Security disability benefits has stabilized

00:38after a previous drop, the SSI recipient count has seen some fluctuations recently.

00:43Between February and May 2025, the numbers remained relatively stable, with slight month-to-month

00:49changes. For example, in May, the number dipped slightly to 7,281,384.

00:57But why do SSI payments stop for some individuals? The Social Security Administration cites several

01:04reasons for exiting the program or having payments suspended. These include factors like death,

01:10medical recovery from a disability, exceeding income or resource limits, or changes in living

01:15arrangements. Looking ahead, there's important news regarding potential increases for SSI benefits

01:21in 2026. The cost of living adjustment, known as COLA, is a fundamental component of Social Security

01:28that helps benefits keep pace with inflation. Independent estimates from Social Security policy

01:34analysts suggest a 2.5% COLA for 2026, matching the increase set for 2025. The Social Security Administration

01:42is expected to make the official 2026 COLA announcement in October. SSI plays a critical

01:49role in supporting millions with low income and resources. Staying informed about payment schedules,

01:55eligibility requirements, and upcoming changes like COLA is essential for current and potential

02:01beneficiaries. Money Explainers

02:04Thank you for your experience.

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