Black Friday is just around the corner, just like Thanksgiving. Millions of Social Security and SSI recipients are waiting for their monthly benefit payment. November. Although there are only five paydays in November, there will be a total of 6 payments this month. So, it is time to find out when you will receive money from the Agency or from the Federal Government if you qualify for SSI payments.
As a matter of fact, there are 4 different paydays left in November 2024. For example, the next payday will be on November 13 if you did not receive benefits before May 1997, you are not receiving SSI and your birthday is from the 1st to the 10th of any month. After it, there will be another payday on November 20 if born from 11-20.
Closest Social Security payment before Black Friday
According to the Administration’s payment schedule, there will be a monthly payment for retirees on November 27. Therefore, it will be issued 2 days before Black Friday.
This means that you will get your check or direct deposit in time to make any Black Friday purchases. As for the maximum amount for Social Security payments in November, amounts can be up to:
- $4,873 if you filed at 70, had jobs covered by SSA for 35 years, and earned the taxable maximum for 35 years.
- $3,822 if you filed at Full Retirement Age, had jobs covered by the Agency for 35 years, and earned the taxable maximum for 35 years.
- $2,710 if you filed at 62, had jobs covered by the Administration for 35 years, and earned the taxable maximum for 35 years
- Average payments will be about $1,924 as of October 2024
Social Security payments on Black Friday
The Social Security Administration (SSA) has confirmed that there will be a monthly payment on November 29, 2024. That implies the last SSI payment will be due on Black Friday.
In this way, 7.5 million SSI recipients will receive an average payment of $697 from the Federal Government on Black Friday. Maximum amounts for SSI can be up to $943 for individuals and up to $1,415 for married couples said Social Security.