SSI update: No payment on December 1, here’s the new payday Social Security set
According to Vibes.okdiario , The Supplemental Security Income (SSI) program typically issues monthly payments on the first day of each month. However, when this date falls on a weekend or a federal holiday, the Social Security Administration (SSA) reschedules the payment. For December 2024, the payment originally scheduled for December 1 has been moved up to November 29, 2024, ensuring that recipients receive their funds two days earlier.
How Much Will SSI Recipients Receive?
If you continue to meet the eligibility criteria and your financial or personal situation has not changed, you will receive the same payment amount as on November 1, 2024. The average SSI payment is about $697, a slight decrease from $698 reported in the previous month. Here are the average SSI payment amounts for different recipient groups:
- All beneficiaries: $697
- Under 18 years old: $813
- Aged 18-64: $743
- Aged 65 or older: $574
It’s important for recipients to report any significant changes in their circumstances, such as marriage or employment, as these can affect payment amounts, potentially increasing or decreasing them based on the individual’s situation.
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Will the November 29 Payment Include the 2025 COLA?
The SSI payment made on November 29 will not reflect the 2025 Cost-of-Living Adjustment (COLA). Recipients will need to wait until December 31, 2024, to see the impact of the COLA increase, which is set at 2.5%.
Other Social Security beneficiaries, including those receiving retirement or disability benefits, will also receive their first payments reflecting the COLA starting in January 2025, specifically between January 3 and January 22.
For individuals experiencing financial hardship, applying for SSI can be a vital step in accessing support. More details on eligibility and application processes can be found on the SSA’s official website.
