- US. Goodbye to full Social Security benefits at 65: SSA raised the retirement age starting this month
- US. Why Student Loan debt collection could be worse than expected: Here are the main reasons
The Social Security istration (SSA) will send out three Social Security and Supplemental Security Insurance (SSI) payments for the month of May, but why are they doing this? Here's everything you need to know to manage your money best.
Millions of Americans rely on Social Security and SSI payments as critical sources of financial , ing for 90% income of 12% of men and 15% of women's income.
An important system, these payments are distributed according to a fixed calendar designed to help recipients manage their monthly budgets. However, for May 2025, some beneficiaries will see three deposits and it's causing confusion.
While this may appear to be a financial bonus, the SSA has clarified that the third payment is not a gift or additional benefit. Instead, it's an early disbursement of June's SSI payment due to calendar adjustments.