Social Security recipients are accustomed to receiving one check each month, but in November 2024, some beneficiaries will be pleasantly surprised to find two or even three checks in their mailbox. This deviation from the usual payment schedule is due to the timing of weekends and holidays, which affects when payments are issued.
For those receiving Supplemental Security Income (SSI), a program that provides financial assistance to individuals with disabilities and older adults with limited income and resources, November will bring an extra payday. SSI payments are typically made on the first of the month, but if the first falls on a weekend or holiday, payments are issued on the last business day of the preceding month. In this case, December 1 falls on a Sunday, so SSI recipients will receive their payments on November 29, in addition to the regular payment on November 1.
Some beneficiaries who receive both SSI and Social Security will be even luckier, as they will receive three checks in November. Social Security payments are usually issued on the 3rd of the month, but since November 3 falls on a Sunday, these individuals will receive their payment on November 1, along with their SSI payments on November 1 and November 29.
For all other recipients, payments will be made according to the regular schedule. If your birthday falls between the 1st and 10th of the month, you can expect your Social Security check on November 13. Those born between the 11th and 20th will receive their payment on November 20, and individuals born between the 21st and 31st will get their payment on November 27.
Looking ahead to 2025, the Social Security Administration will continue to adjust payment dates to accommodate holidays and weekends. Additionally, there will be a 2.5% cost-of-living adjustment (COLA) for 2025, resulting in an average increase of $49 for the average retiree. This will raise the average monthly check from $1,927 to $1,976. If you’re curious about how your monthly check compares to others your age, you can check out “The Average Social Security Check by Age.”
In conclusion, November 2024 will bring some welcome surprises for Social Security recipients, with extra checks for some and the anticipation of a COLA increase in 2025. It’s important to stay informed about these changes to ensure you are prepared for any adjustments to your monthly benefits.
