December ushers in another round of payments for Social Security and SSI (Supplemental Security Income) benefits. Over 72 million people in the United States rely on these payments every month, and the exact date when they receive their benefits depends on factors like their date of birth or the specific type of benefit they are entitled to.
The SSI program, managed by the Social Security Administration (SSA), is designed to assist older adults, individuals who are blind, or those with disabilities who have limited financial resources. Typically, SSI payments are distributed at the beginning of each month, while retirement, disability, and survivor benefits follow a staggered schedule based on various criteria.
December 2024 SSI payment schedule
This December, payments will adhere to the SSA’s standard calendar, with certain exceptions due to holidays and other adjustments. Below are the key dates to keep in mind:
December 1
- SSI payments for December will be issued on this date.
- Social Security recipients who began receiving benefits before July 1997 will also receive their payments on this day.
December 13
- Beneficiaries with birthdays falling between the 1st and the 10th of any month will receive their Social Security payments.
December 20
- Social Security recipients born between the 11th and the 20th of any month will receive their benefits on this date.
December 27
- Payments for beneficiaries born between the 21st and the 31st of any month will be distributed on this day.
December 29
- Due to the New Year’s Day holiday, payments for January 2025 will be advanced to December 29 for SSI recipients and Social Security beneficiaries who began collecting benefits before July 1997.
What to do if you don’t receive your payment
If your scheduled payment does not arrive, the SSA advises waiting at least three business days before contacting their office. If, after this waiting period, your payment is still missing, it’s important to notify them promptly to resolve any potential issues. Delays can happen, but taking swift action ensures that any disruptions to your benefits are addressed as soon as possible.
Cost-of-Living Adjustment (COLA) for 2025
Starting in January 2025, Social Security and SSI benefits will see a 2.5% increase, thanks to the annual cost-of-living adjustment (COLA). This adjustment is designed to help beneficiaries maintain their purchasing power amidst rising costs due to inflation.
While the 2025 COLA increase is more modest compared to recent years — the 2023 adjustment, for example, was 8.7% due to exceptionally high inflation — it still represents a meaningful boost for millions of individuals who depend on these benefits.
In October, Social Security Commissioner Martin O’Malley noted, “Social Security and SSI payments will rise in 2025, helping tens of millions of people stay on top of their expenses as inflation shows signs of easing.” This increase reflects the SSA’s commitment to ensuring that beneficiaries are not left behind as the cost of living continues to evolve.
Why are some payments advanced?
Occasionally, as with the December 29 payment, the SSA moves up scheduled payments to prevent delays caused by holidays or weekends. This ensures that beneficiaries receive their funds without having to wait longer than usual.
It’s important to understand that advanced payments are not extra money or duplicate payments. They simply represent the regularly scheduled benefit for the following month. For example, the December 29 payment corresponds to January 2025 benefits and is not an additional amount.
Tips for managing SSI and Social Security payments
To make the most of your benefits and avoid complications, consider the following recommendations:
Stay informed about payment dates
Familiarize yourself with the SSA’s monthly payment calendar to prevent misunderstandings or delays. Knowing when to expect your funds can help you plan your expenses more effectively.
Keep your banking and contact information updated
If you change your bank account or move to a new address, notify the SSA immediately. This ensures your payments are deposited correctly and on time.
Utilize online resources
The SSA’s online portal is a convenient way to track your payments, view benefit details, and report changes to your account. Regularly checking your online account can help you stay updated and address any discrepancies quickly.
December is a busy month for the SSA, as millions of Americans count on their payments to arrive on time. Whether you’re receiving SSI, Social Security, or both, understanding the schedule and any potential adjustments can make a significant difference in ensuring your financial stability. By staying proactive and informed, you can navigate the process with confidence and peace of mind.