If you receive SSI and Social Security, you may get three checks in August. But some people may see smaller checks. Why?

Over 71 million Americans who receive Social Security payments may get smaller checks in August, but will have two SSI payments due.

The second wave of Social Security payments go out Wednesday. Those who receive SSI benefits will get two checks in August due to the timing of the Labor Day holiday.

In addition, some states supplement SSI benefits for their residents. Once the Social Security Administration announces the 2025 COLA, it'll be time for you to work out a plan for next year.