The monthly payment may not be made on the same day under the Supplemental Security Income (SSI) program. Generally, the first of the month is the date of the issue of direct deposits and checks. But sometimes the days may fall on the weekend or a federal holiday. Whenever this happens, the Social Security Administration (SSA) has to reschedule the paydays.
This means that the December 1 SSI payment is earlier. Because the Social Security Administration won’t be able to send it out on December 1, the direct deposits and checks are set for November 29. That’s 2 days (48 hours) in advance.
How much money will SSI recipients get on November 29, 2024?
If you are still eligible and your financial or personal circumstance doesn’t change, you will continue to be paid the same sum as November 1, 2024. SSI payments, on average, are about $697—down from $698 in the last monthly snapshot from SSA. Check all possible payment amounts below:
- Average Supplemental Security Income for all beneficiaries: $697
- Average Supplemental Security Income for the under-18 group: $813
- Average Supplemental Security Income for those recipients aged 18-64: $743
- Average Supplemental Security Income for those beneficiaries aged 65 or 65+: $574
If any of those SSI recipients just got married, started working or undergone any other major changes in their life, then he or she has to report it. That’s because your payment amount could be different. It could sometimes be higher and sometimes lower. The circumstances determine how it will depend.
Also Read: 2025 Social Security Boost: Discover the New Benefit Amount Headed Your Way!
Will the November 29 SSI payment include the cost-of-living adjustment (2025 COLA)?
The 2025 COLA increase will not be reflected on the SSI payment for December, payable November 29, 2024. In fact, recipients won’t see the 2025 COLA increase until December 31, 2024.
All Social Security recipients who earn retirement or disability (SSDI) benefits will have to wait until January 2025 before they can claim 2.5% more and all those on Supplemental Security Income will receive theirs much sooner.
Retirees and SSDI beneficiaries can expect to receive their first January payments starting January 3 through January 22, 2025. If you have a low income and little or no resources, apply for SSI.
Conclusion
To summarize, there is no payment to SSI recipients on December 1; it falls as usual, being adjusted to its timing. Payments will, however, be made early on November 29 in order for the funds to reach beneficiaries before the beginning of December.
Unless you’ve had some major life changes that affect eligibility or benefit levels, the amount will continue to be the same as in November.
Also, Social Security retirement and disability beneficiaries will receive their adjusted benefits in early January 2025, while SSI recipients are not expected to see the anticipated 2025 cost-of-living adjustment (COLA) until the end of December.
If you experience major changes, remember to tell the SSA so your benefits are paid correctly.
Also Read: Receive Up to Five SSI and Social Security Payments Before 2025: Here’s How!
FAQs
Q. Why is there no SSI payment on December 1, 2024?
A. Since the date is on a weekend or federal holiday, the Social Security Administration (SSA) has rescheduled the payday, which means there is no SSI payment on December 1. Payments will be made early on November 29, 2024, instead.
Q. How much will SSI recipients receive on the early payment date of November 29, 2024?
A. The average is about $697 for SSI recipients, who will get the same amount as in November. Though individual amounts can vary on the age and also by some specific circumstances.
Q. Will the SSI payment on November 29 include the 2025 cost-of-living adjustment (COLA)?
A. The 2025 COLA increase will not be included in the SSI payment on November 29, 2024. The COLA adjustment will not be visible to recipients until Dec. 31, 2024.
Q. What should I do if my financial or personal circumstances change?
A. When you experience changes in your life that are major, like getting married or starting a job, you must let the SSA know about those changes. The circumstances you are in could change your SSI payment amount.
Q. When can Social Security retirement and disability beneficiaries expect their adjusted payments?
A. If you are a Social Security retirement or disability beneficiary, you can expect your first adjusted payments to start Jan. 3 through Jan. 22, 2025.