Social Security has expanded its outreach to people in critical need of financial help who may be eligible for Supplemental Security Income (SSI). SSI provides monthly payments to adults age 65 and older or to other adults — and children — with a disability or blindness who have limited income and financial resources. SSI helps pay for basic needs like rent, food, clothing, and medicine.
Approximately 23 million Americans ages 65 and older are single, divorced or widowed, according to the most recent data available from the U.S. Census Bureau. That means there are many people in this country who are planning their retirement on their own, without the help of a spouse or partner.
Social Security is a vital part of any financial plan. The administration’s online tools can help you understand your potential Social Security benefits and how they fit into your financial future. You should periodically review your Social Security statement using your personal my Social Security account at ssa.gov/myaccount.
If you have a personal my Social Security account, you can view your Social Security Statement online to learn about your future benefits and recent earnings history. Included with the statement are fact sheets that provide useful information based on your age group and earnings situation.
It’s about time for some good news: Social Security (SS) and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021.