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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