With Thanksgiving and Black Friday just around the corner, millions of Social Security and SSI recipients are anticipating their monthly benefit payments. While there are five scheduled paydays in November, Social Security and SSI recipients will actually receive a total of six payments this month.
Social Security Payment Schedule for November 2024
The Social Security Administration (SSA) has set up four remaining paydays in November for eligible retirees and people with disabilities. Here’s a breakdown of when payments will be made:
- November 13: If you’re a retiree or SSDI recipient and your birthday falls between the 1st and 10th of any month, you’ll receive your payment on this date.
- November 20: If your birthday is between the 11th and 20th, your payment will arrive on November 20.
- November 27: The final Social Security payment of the month will be issued on November 27, just two days before Black Friday. This will cover recipients born between the 21st and 31st of the month.
Social Security Payments Before Black Friday
If you’re planning to shop on Black Friday, rest assured that your Social Security payment will arrive in time for you to make any purchases. On November 27, payments will be issued, ensuring that you’ll have funds before the holiday shopping rush.
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For Social Security recipients, the maximum monthly payments in November can reach up to:
- $4,873 for individuals who filed at age 70, worked for 35 years, and earned the taxable maximum during those years.
- $3,822 for those who filed at Full Retirement Age with 35 years of work at the taxable maximum.
- $2,710 for individuals who filed at 62 with 35 years of work at the taxable maximum.
The average monthly payment for Social Security beneficiaries in October 2024 was about $1,924.
SSI Payments on Black Friday
The final SSI payment of the month will be issued on November 29, coinciding with Black Friday. This payment will go out to approximately 7.5 million recipients, with the maximum amount being $943 for individuals and $1,415 for married couples.
Summary
- November 13: Payments for retirees or SSDI recipients with birthdays from the 1st to 10th
- November 20: Payments for those with birthdays from the 11th to 20th
- November 27: Last Social Security payment before Black Friday
- November 29: Final SSI payment of the month
With these payments coming through just before Thanksgiving and Black Friday, many Social Security and SSI recipients will be able to enjoy the holiday season with a bit of extra financial security.
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