With Black Friday and Thanksgiving just around the corner, Social Security and Supplemental Security Income (SSI) recipients are checking the November payment calendar. This month, Social Security beneficiaries can expect six payment dates, one more than the usual five. Here’s a breakdown of when you can expect your payments and what amounts to anticipate in November 2024.
November Payment Dates
November’s Social Security payment schedule includes four remaining payment dates. Whether you receive Social Security retirement or SSI benefits, here’s when you can expect your money:
Social Security Payments
The Social Security Administration (SSA) distributes payments based on birthdays and whether recipients qualify under special circumstances. Here’s how it works:
- November 13: If you began receiving benefits after May 1997, aren’t eligible for SSI, and have a birthday between the 1st and the 10th, your payment date will be November 13.
- November 20: For birthdays between the 11th and the 20th, Social Security retirement benefits will be paid on November 20.
- November 27: If you were born between the 21st and the end of the month, you will receive your payment on November 27. Notably, this is two days before Black Friday, giving recipients the chance to use funds for holiday shopping.
Black Friday SSI Payment
SSI recipients will receive their November benefit on November 29, directly on Black Friday. This payday is for the 7.5 million Americans who qualify for SSI benefits and may include an average payment amount of $697. For eligible individuals, maximum SSI payments are $943, and married couples can receive up to $1,415 in SSI benefits.
Payment Amounts
Payment amounts for Social Security beneficiaries vary based on factors like age at retirement, work history, and lifetime earnings. Here are some of the typical Social Security benefit amounts for November 2024:
- $4,873: Maximum benefit if you retired at age 70 with 35 years of maximum earnings in SSA-covered jobs.
- $3,822: Full Retirement Age benefit for those with the same maximum earning history.
- $2,710: Early retirement benefit (at age 62) with 35 years of maximum earnings.
- $1,924: Average monthly payment across all Social Security recipients as of October 2024.
Payment Convenience
With the November 27 and 29 payments, Social Security and SSI recipients will have funds just in time for Black Friday shopping. This will allow for a stress-free start to holiday spending, as SSA payments will land in accounts before or on one of the biggest shopping days of the year.
Preparing for Payments
Social Security and SSI payments can be received by check or direct deposit, with direct deposits arriving faster. For those who rely on these benefits, keeping track of these dates can help plan for monthly expenses and potential holiday spending.
This November schedule shows how the SSA aims to support beneficiaries with a timely payment system, especially as expenses often increase during the holiday season.
FAQs
When is the next Social Security payment?
The next payment is on November 13 for those born from the 1st to 10th.
Will I receive SSI payment on Black Friday?
Yes, SSI recipients will be paid on November 29, 2024.
What is the maximum Social Security payment?
The maximum is $4,873 if you filed at age 70 with maximum earnings.
How much is the average SSI payment?
The average SSI payment is approximately $697.
How much is the average Social Security payment?
The average Social Security payment is about $1,924.
