November 2024 brings some noteworthy changes for Social Security beneficiaries, as payments will not be delivered during the second week of the month. Usually, the Social Security Administration (SSA) delivers checks throughout the month, but November’s schedule will be slightly different due to a timing issue.
For instance, November 3rd falls on a Sunday this year, which impacts beneficiaries of the Retirement, Survivors, and Disability Insurance (RSDI) program who claimed benefits before May 1997. Since no payments are processed on weekends, these recipients will get their checks a little earlier—on Friday, November 1st. This change means RSDI beneficiaries will receive their payments on the first of the month, similar to those on Supplemental Security Income (SSI).
Payment Schedule
So, when will the Social Security checks roll out in November?
Both SSI recipients and RSDI beneficiaries will receive their payments on November 1st. After this, the SSA will continue with its usual payment schedule, delivering checks on the second, third, and fourth Wednesdays of the month. Here’s the breakdown:
- November 13th (Second Wednesday): Retirees, survivors, and individuals with disabilities born between the 1st and the 10th will receive their benefits.
- November 20th (Third Wednesday): Payments will be made to those born between the 11th and the 20th.
- November 27th (Fourth Wednesday): Those born between the 21st and the 31st will receive their checks.
This staggered system ensures that beneficiaries receive their payments according to their birthdate and the type of benefits they’re receiving.
Payment Amounts
Social Security payments vary depending on several factors such as program type, income, working history, and the age at which benefits were claimed. The following table outlines average payment amounts based on different programs:
| Social Security Payment Type | Average Monthly Payment |
|---|---|
| Retirement Benefits | $1,900 |
| Survivor Benefits | $1,505 |
| Disability Benefits | $1,537 |
| SSI Benefits | $698 |
Additional payments depend on specific circumstances:
| Criteria | Payment Amount |
|---|---|
| Age 62 Retirement | $2,710 |
| Age 67 Retirement | $3,822 |
| Age 70 Retirement | $4,873 |
| Survivor with 2 Children | $3,653 |
| Blind Disability Recipients | $2,590 |
| Maximum Disability Payment | $3,822 |
| SSI Individual | $943 |
| SSI Couples | $1,415 |
| Essential Person Support | $472 |
These figures are averages, and actual payments may vary based on your personal financial history, the taxes paid into Social Security, and other program-specific requirements. For those aiming to maximize their benefits, it’s wise to consult a financial advisor or Social Security specialist who can provide tailored guidance.
Missing Payments?
If your Social Security payment doesn’t arrive on the expected date, don’t panic. It’s recommended to wait at least three business days before contacting the SSA. This delay could be due to processing time by your bank or other minor issues. Patience is key!
COLA Increase Forecast
Exciting news is on the horizon for Social Security beneficiaries. The Social Security Administration is expected to announce a cost-of-living adjustment (COLA) for 2025 soon. However, according to current inflation data, the expected increase will be modest—a 2.5% bump. This marks the smallest increase since 2020, when the COLA only rose by 1.3%.
Over the last 20 years, the COLA has averaged 2.6%, so while the 2025 increase may feel a little slim compared to recent adjustments, it’s relatively in line with historical trends. Advocates for seniors, like Shannon Benton of The Senior Citizens League, continue to push for a minimum 3% COLA to ensure that retirees and other beneficiaries can maintain a decent quality of life despite rising costs.
Despite these modest increases, beneficiaries can rest assured that any adjustments to Social Security payments aim to keep pace with inflation, even if the changes aren’t always dramatic.
In summary, November brings some scheduling adjustments, but beneficiaries will still receive their checks—just on different days. As always, staying informed about payment schedules, benefit amounts, and potential increases helps you make the most of your Social Security benefits.
FAQs
When will SSI beneficiaries get their November payment?
They will receive it on November 1st.
When will RSDI recipients receive payments?
Those receiving RSDI before May 1997 will get their checks on November 1st.
What happens if my payment is delayed?
Wait three business days before contacting customer service.
How much is the anticipated COLA increase for 2025?
It is expected to be around 2.5%.
What is the average Social Security retirement benefit?
The average monthly payment is about $1,900.
