Cyber Monday will probably be the last day in November when many Social Security recipients of retirement benefits spend their bucks. Then, they will be looking forward to receiving their next monthly payment. Especially, if they have made important purchases on Black Friday or spent a great deal of money on Thanksgiving’s meal.
The first Social Security payment after Cyber Monday will be due on Tuesday, December 3, 2024. However, this check or direct deposit will only be for two completely different groups of recipients in the United States.
Social Security payment 24 hours after Cyber Monday
The December 3 payment for seniors on Social Security will be yours if:
- you are receiving SSI (Supplemental Security Income) and Social Security benefits simultaneously
- you began getting monthly retirement benefits before May 1997
- you remain eligible and have not broken SSA rules
So, right after Cyber Monday, the Social Security Administration has scheduled a monthly payment. If you are receiving SSDI payments because you have a medical condition, this could be your payment too if you meet the previous requirements.
Social Security payment amounts after Cyber Monday
All the payments will remain the same in December, except for the SSI check or direct deposit on December 31, 2024. This SSI payment will include the 2025 COLA increase.
It will bring the 2025 COLA boost because it is the payment for January 1 scheduled 1 day in advance to avoid sending it on New Year, a Federal Holiday. On average, retirees will get about $1,927 according to SSA’s COLA Fact Sheet.
The largest payment to be sent on December 3, 2024, will be up to $4,873 if you filed at the age of 70, earned the taxable maximum, and worked for 35 years in jobs covered by the Administration. If you meet them all but file at 62, it could be up to $2,710, or up to $3,822 at Full Retirement Age.
