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Supplemental Security Income (SSI) is a means-tested program that provides cash payments to disabled children, disabled adults, and individuals aged 65 or older who are citizens or nationals of the United States. [1] SSI was created by the Social Security Amendments of 1972 and is incorporated in Title 16 of the Social Security Act.
Conservatives tend to argue for a fundamental change in the structure of the program. Conservatives also argue that the U.S. Constitution does not permit the Congress to set up a savings plan for retirees (leaving this authority to the states), although the U.S. Supreme Court ruled in Helvering v. Davis that Congress had this authority.
When the SSI program was created in 1972, policymakers set resource limits of $1,500 for individuals and $2,250 for couples, according to the CBPP. That gradually rose to $2,000 for individuals ...
The monthly maximum federal SSI amounts in 2024 are $943 for individuals, $1,415 for couples and $472 for essential persons, or those who live with an SSI beneficiary and provide care.
In addition, Social Security beneficiaries with low income and limited resources may qualify for additional income through the Supplemental Security Income (SSI) program. SSI is separate from the Social Security program, but it is administered by SSA. In 2022, 2.5 million Social Security beneficiaries received additional income through SSI. [30]
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Federal benefit payments up to $943 for an SSI individual and $1,371 for an SSI couple are available from the program. SSI benefits are paid out of the general revenue of the United States of America. Some states supplement the federal amount. Because SSI is needs-based, eligibility is restricted to persons with limited income and resources.
However, SSI is a needs-based program for those with limited income and resources and is financed by the general funds of the U.S. Treasury — personal income taxes, corporate and other taxes.