According to Vibes.okdiario With Black Friday and Thanksgiving just around the corner, millions of Social Security and SSI recipients are preparing for their monthly benefit payments. November 2024 brings a unique payment schedule: although there are typically five paydays in a month, there will be a total of six payments in November. Here’s what to know about when you’ll receive your benefits from the Social Security Administration (SSA) or, if eligible, from the Federal Government through SSI.
Remaining Social Security Paydays in November 2024
For those who qualify for Social Security payments but not Supplemental Security Income (SSI), four paydays remain in November. Here’s the schedule:
- November 13: If you don’t receive SSI and began receiving benefits after May 1997, and your birthday falls between the 1st and 10th of any month, your payment is due.
- November 20: If your birth date falls between 11th and 20th, your Social Security payment will be issued.
- November 27: If you were born between the 21st and 31st, your payment will be deposited just before Black Friday, giving you time to make any holiday purchases.
Closest Social Security Payment Before Black Friday
According to SSA’s schedule, the final Social Security retirement payment in November will be made on November 27, two days before Black Friday. This gives recipients the opportunity to receive their check or direct deposit in time for holiday shopping.
For Social Security retirement payments in November, maximum benefit amounts vary based on age and work history:
- $4,873 if you filed at age 70, had 35 years of work covered by SSA, and earned the taxable maximum for all 35 years.
- $3,822 if you filed at Full Retirement Age with the same work and earnings history.
- $2,710 if you filed at age 62 under similar circumstances.
- $1,924 is the estimated average Social Security payment as of October 2024.
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SSI Payments on Black Friday
The SSA has confirmed that the last SSI payment for November 2024 will be made on November 29, Black Friday. This means that 7.5 million SSI recipients will receive their benefit payments just in time for the biggest shopping day of the year.
Average SSI payments are around $697, while the maximum amounts for SSI can reach $943 for individuals and $1,415 for married couples. This payment schedule allows recipients to receive their funds on time, even with the Thanksgiving holiday.
With these timely deposits, Social Security and SSI recipients can plan ahead for holiday spending, knowing their benefits will arrive according to the SSA’s November schedule.
