Black Friday, like Thanksgiving, is quickly approaching. Millions of Social Security and SSI claimants are waiting for their monthly benefits. November. Although November only has five paydays, there will be a total of six payments this month. So, if you qualify for SSI payments, it’s time to find out when you’ll get paid by the Agency or the Federal Government.
There are four separate paydays remaining in November 2024. For example, if you did not get benefits before to May 1997, do not receive SSI, and your birthday falls between the first and tenth of any month, your next payday will be November 13. If you were born between 11 and 20, you will receive an extra payday on November 20.
The Closest Social Security Payment Before Black Friday
According to the Administration’s payment schedule, pensioners will get their monthly payment on November 27. As a result, it will be released two days prior to Black Friday.
This means you’ll receive your check or direct deposit in time to make your Black Friday shopping. The maximum amount for Social Security payments in November is up to:
- If you filed at age 70, had SSA-covered jobs for 35 years, and earned the taxable maximum for 35 years, you would receive $4,873.
- $3,822 if you filed at full retirement age, held Agency-covered jobs for 35 years, and earned the taxable limit for 35 years.
- $2,710 if filed at 62, had work covered by the Administration for 35 years and earned the taxed maximum for 35 years.
- As of October 2024, the average payout will be approximately $1,924.
Social Security Payments on Black Friday
The Social Security Administration (SSA) has certified that the monthly payment will be made on November 29, 2024. That suggests that the final SSI payment will be due on Black Friday.
As a result, the federal government will pay an average of $697 to 7.5 million SSI claimants on Black Friday. According to Social Security, the maximum SSI benefit amount is $943 for individuals and $1,415 for married couples.