Millions of people receive different payouts each month from the Social Security Administration, however, at first glance, 2 distinct payouts seem to be the same.
Individuals who are disabled can receive monthly payouts from both Supplemental Security Income and Social Security Disability Insurance, but there are some key distinctions between the 2 programs.
Both disabled people and elderly people who “have money and assets that are under certain budgetary limits” are eligible for Supplemental Security Income, according to the SSA. An individual needs to be at least 65 years old, blind, or otherwise disabled to be eligible for payments, according to the Social Security Administration (SSA).
As per information from the SSA from March 2023, the paychecks are made in checks worth an average of $678.47. On the initial day of every month, SSI benefits are distributed.