Social Security Payment Schedule for November and December 2024

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.
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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

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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.

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