August Supplemental Security Income payments, worth up to $967, will go out to recipients in 20 days. SSI payments are typically distributed at the start of every month to beneficiaries with limited income who are either blind, 65 and older, or have another qualifying disability.

As inflation continues to impact the purchasing power of many Americans, the cost of living adjustment (COLA) is a critical aspect for millions of people, especially retirees, disabled individuals, and those receiving Social Security and Supplemental Security Income (SSI).

Social Security benefits end when you die, unless you have a qualifying beneficiary who would begin to receive survivorship benefits.