Supplemental Security Income (or SSI) is a United States government program that provides stipends to low-income people who are either aged (65 or older), blind, or disabled. Although administered by the Social Security Administration, SSI is funded from the U.S. Treasury general funds, not the Social Security trust fund. SSI was created in 1974 to replace federal-state adult assistance programs that served the same purpose. The restructuring of these programs was intended to standardize the eligibility requirements and level of benefits. The new federal program was incorporated into Title XVI (Title 16) of the Social Security Act. Today the program provides benefits to approximately eight million Americans.
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Read more about Supplemental Security Income: History, Eligibility, Benefit Details, Beneficiaries By Age, Beneficiaries and Costs, Payee Assignment, Potential Residual Benefits To Other Programs
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