Social Security update: Second of March's double direct payments worth $914 arrives in 20 days

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Social Security update: Second of March's double direct payments worth $914 arrives in 20 days
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In just under three weeks, Supplemental Security Income beneficiaries will receive the second of two payments in the month of March. The first payment was sent to eligible recipients on March 1, and the next payment will be delivered on March 31.

The first payment was sent to eligible recipients on March 1, and the next payment will be delivered on March 31 for those same people, taking the place of the April 1 payment. Each payment is worth $914, meaning beneficiaries will receive $1,828 in March.The Social Security Administration typically issues a monthly SSI check on the first day of the month.

Eligible couples will receive two payments of $1,371 in March, and essential people, who live with someone receiving SSI and provide them with necessary care, get a monthly payment rate of $458.Three other months will also see two payments this year: June, September, and December. This is because the first of the month falls on a weekend in July and October. December always sees two checks because Jan. 1 is a national holiday.

SSI payments were first issued by the Social Security Administration in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.

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