Not all American retirees receive their monthly payments in November. Some received their Social Security checks or direct deposits on November 1, 2024. However, there will be three more paydays.
So some retirees will receive their Social Security money sooner than others. Still, all payments will be on time and there will be no delays. On average, retirees will get about $1,921.
Last Social Security payments in November
American retirees who qualify for Social Security can receive payments until November 27, 2024. This date will be when retirees receive their monthly payment if they:
- were born after the 20th of any month
- do not get SSI payments
- did not receive Social Security before May 1997
Therefore, only those who filed and meet all these requirements will be eligible for a payment of up to $4,873. This will be the largest payment if you filed at 70, worked for 35 years in jobs covered by SSA, and earned the taxable maximum all those years. Filing at Full Retirement Age will allow you to get 100% of your benefits. However, you will not benefit from delayed credits and you can only receive up to $3,822.
Next Social Security payment in November
The 2024 payment schedule for retirement benefits shows 2 more paydays in November, apart from the last one on November 27. Some will get Social Security next week on Wednesday.
Hence, Wednesday, November 13 will be your payday if your birth date falls from 1-10. If your birthday is from 11-20, your next payment date will be on November 20.
None of the Social Security payments in November include the 2025 COLA increase. Retirees will not take advantage of the 2.5% cost-of-living increase until January 3, 8, 15 or 22, 2025. The maximum amounts will be the same during the 3 remaining payments in November.
Nevertheless, not all retirees receive the same amount. Some may get lower payments because they did not work for long, had a low wage, or filed at 62.