Thanksgiving is just around the corner and so is Black Friday. Now millions of Social Security and SSI recipients are waiting for their monthly benefit payment. November. Though November has just five paydays, there will be six payments this month. This means it’s time to find out when you should expect to get money from the agency or the federal government if you qualify for SSI payments.
In reality, there are 4 different paydays still in November 2024. For example, if you didn’t get benefits prior to May 1997, your birthday is from the 1st through the 10th of any month, and you’re not receiving SSI, your next payday will be November 13. If born 11-20, there will be another payday on November 20.
Closest Social Security payment before Black Friday
The administration’s payment schedule will be a monthly payment on November 27 for retirees. It will be issued 2 days before Black Friday, so there’s that.
In essence, you will have your check or direct deposit in time for Black Friday. As for the maximum amount for Social Security payments in November, amounts can be up to:
- $4,873, if you filed at 70, you had jobs covered by SSA for 35 years and earned the taxable maximum for 35 years.
- If you filed at Full Retirement Age, worked for the agency for 35 years, and got the most you could for 35 years of taxable maximum income, that equals $3,822.
- If you filed at 62, had jobs covered under the Administration for 35 years, and kept the taxable maximum for 35 years, that’s $2,710.
- By October 2024, average payments should sit at around $1,924.
Also Read: December SSI Payments: How to Qualify for the Extra Boost with 2025 COLA
Social Security payments on Black Friday
According to the Social Security Administration (SSA), the SSA will have a monthly payment on November 29, 2024. In other words, the last SSI payment will be paid on Black Friday.
This will result in an average payment to 7.5 million SSI recipients from the Federal Government on Black Friday of $697. Social Security said that SSI maximum amounts can be as high as $943 per month for individuals or $1,415 for married couples.
Conclusion
Millions of Social Security and SSI recipients can expect payments on time to help them with their holiday plans. It’s left the SSA clear to ensure that the payments will arrive in their recipients’ pockets by Black Friday shopping and holiday preparations deadlines during November’s remaining four scheduled paydays.
Payments on November 27 will give retirees access to funds just before Black Friday deals. SBI recipients can accordingly count on the last distribution for November 29, which, among other things, can offer additional financial support.
These payments, which range from $697 for SSI to as much as $4,873 for retirees with maximum benefits, will serve as a welcome shot in the arm to their finances as this busy season kicks into high gear.
Also Read: 2025 SNAP Increase: Key Eligibility and Payment Dates for Eligible Americans
FAQs
Q. When will Social Security payments be issued in November 2024?
A. Retirees who rely on Social Security payments will get a windfall just before Black Friday in November, when their funds will get issued. Superficially, these payments are limited to those born between September 1 and October 31, and will be made on November 13 and November 20 for other recipients depending on their birth date.
Q. How much can I expect to receive from Social Security or SSI in November?
A. Your maximum Social Security payment for November can be up to $4,873 if you filed at age 70, with an average of around $1,924. SSI recipients will average a payment of $697, and the maximum will be $943 for individuals and $1,415 for married couples.
Q. Will I receive my SSI payment on Black Friday?
A. Black Friday, November 29, 2024, will be the last day of distribution of the November SSI payment. For holiday shopping, SSI recipients will get their payments right on time.