For Social Security beneficiaries, there are no scheduled payments this week, but hey, don’t panic, because this doesn’t mean you’re going to miss out on payments. The Social Security Administration (SSA) issues benefits each month to retirees, people with disabilities, and family members of deceased workers, among others. With different payment categories and more than 70 million beneficiaries, deposits are not always made at the same time.
In general, the order of payment depends on the beneficiary’s date of birth, with some exceptions. For example, those who have been receiving benefits before May 1997 or who receive Supplemental Security Income (SSI) usually get their payments in the first week of the month.
November 2024 Benefits — Important Announcement from the Social Security Administration
Non-SSI recipients who began collecting after May 1997 typically see their payments on the second Wednesday of the month, which is typically the second week. In November, however, this payment is scheduled for the 13th, which falls in the third week of the month.
This change in payment dates may seem like a delay, but it is not. It just happens that the second Wednesday of November coincides with the third week. Those born between the 1st and 10th of the month will receive their payment on that date, November 13th.
Beneficiaries born between the 11th and 20th will receive their payment on November 20, while those born between the 21st and 31st will receive it on the 27th. SSI recipients will also receive their check at the end of November to cover December, as The usual payment date falls on a weekend.
If a beneficiary does not receive their payment on the scheduled date, SSA suggests waiting three business days before contacting them. Saturdays, Sundays, and holidays do not count as business days.
Social Security Payments Coming with Increase Soon: Here’s How Much
Additionally, a 2.5% increase in Social Security benefits is anticipated in 2025, adjusted for cost of living. For a beneficiary currently receiving $1,870 a month, this could mean an increase of about $46.80 next year.
According to Mary Johnson, a policy analyst for Social Security and Medicare, this increase is smaller compared to recent adjustments. “This 2025 COLA will be the lowest since 2021, even though high prices for essential items like housing, food and insurance still persist,” Johnson declared in October.
It should be remembered that the 2023 COLA was 8.7%, the highest since 1981, in response to high inflation during and after the pandemic. Still, Johnson believes that even though the 2025 COLA is lower, it is still an average adjustment.