CNBC.COM: Even with two checks in September, Supplemental Security Income benefits fall short. Here’s how the program could be updated
Because of a quirk in the calendar, people receiving Supplemental Security Income will receive two payments in September, but none in October. The average monthly benefit is $624 per month, but many people feel it isn't enough. Many beneficiaries still struggle financially. Lawmakers are calling for reform of the program. SSI beneficiaries are currently subject to a $2,000 asset cap for individuals and $3,000 for couples. New legislation would allow the limit to be adjusted more frequently. Beneficiaries also have a limit on how much income they can earn from employment without the benefit being reduced or lost completely. Legislators are working on bills that would change this as well.
