Social Security Payment Schedule for November and December 2024

November 19, 2024 William Johnson Finance, Stimulus Check, US Local News 0

The 2.5% COLA increase will be applied to payments starting in December 2024

Millions of Americans are keenly awaiting their Social Security payments as the final two months of the year approach. These payments are crucial for retirees, disabled individuals, and survivors who rely on them for financial stability.

Here’s a detailed look at the payment schedules for November and December 2024, along with important updates and official resources.

November 2024 Payment Schedule

  • November 1: SSI payments will be distributed.
  • November 8: Payments for beneficiaries with birthdays between the 1st and 10th.
  • November 15: Payments for beneficiaries with birthdays between the 11th and 20th.
  • November 22: Payments for beneficiaries with birthdays between the 21st and 31st.

December 2024 Payment Schedule

  • December 1: SSI payments will be distributed.
  • December 3: Social Security recipients who have been receiving benefits since before May 1997, as well as those who receive both SSI and Social Security, will get their payments.
  • December 10: Payments for beneficiaries with birthdays between the 1st and 10th.
  • December 17: Payments for beneficiaries with birthdays between the 11th and 20th.
  • December 24: Payments for beneficiaries with birthdays between the 21st and 31st.
See Also:  Is It Better To Get 1 Hour Payday Loans For Your Financial Emergency?

Impact of COLA on Payments

The 2.5% COLA increase will be applied to payments starting in December 2024 for SSI recipients and in January 2025 for Social Security beneficiaries.

This adjustment aims to help beneficiaries keep up with rising costs of living, ensuring that their purchasing power is not eroded by inflation.

“The COLA for 2025 will introduce a 2.5% increase in monthly benefit checks,” said an SSA spokesperson

Related Stories:

$1,900 Social Security Check: Are You on the List for November 20?$1,900 Social Security Payment: On November 20 Are You Eligible? social security 224Upcoming Social Security Payments: September, October 2024 Payment Schedule Social Security Recipients to See Up to $1,800 Payment on December 13thSocial Security Recipients to See Up to $1,800 Payment on December 13 Social Security Administration's December Double Payment: Unraveling the ReasonsSocial Security Administration’s December Double Payment: Unraveling the Reasons Stimulus 2023: Ann Arbor City Council Introduces Guaranteed Income Program$1,800 Social Security Payments: When and How to Get Yours in December 2023 Benefit money is getting to American pocketsSocial Security Schedule 2022: Check When Benefits for November Will Arrive Social Security COLA: Expected Benefits Retirees Will Receive In 2024Millions of Americans will receive $914 from Social Security in December 2023: Are you eligible? 3rd Social Security Payment for March: Check if you are eligible3rd Social Security Payment for March: Check if you are eligible
writers
About William Johnson 329 Articles
Demystifying the world of finance is my mission. As a finance news writer with 7 years of experience, I've covered everything from breaking market news to in-depth analysis of industry trends. I'm here to keep you informed and empowered in your financial journey.

Be the first to comment

Leave a Reply

Your email address will not be published.