Like Thanksgiving, Black Friday is coming up soon. Millions of people who get Social Security or SSI are waiting for their monthly payments. November. Even though November only has five paydays, there will be a total of six this month. Now is the time to find out when the Agency or the Federal Government will send you money if you are eligible for SSI.
In fact, November 2024 still has 4 different pay dates left. The next time you get paid is on November 13 if you didn’t get benefits before May 1997, you don’t get SSI, and your birthday is between the 1st and 10th of any month. Those born between November 11 and November 20 will get paid again on November 20.
Closest Social Security payment before Black Friday
The Administration’s payment schedule says that retirees will get their monthly payment on November 27. Because of this, it will be sent out two days before Black Friday.
In other words, you will get your check or direct deposit in time to buy things on Black Friday. As for how much the biggest Social Security payment can be in November, it 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 on November 29, 2024, there will be a monthly payment. In other words, the last SSI payment is due on Black Friday.
Eighty-five million people who get SSI will get an average payment of $697 from the government on Black Friday. Social Security says that the most a person can get in SSI is $943 and the most a married couple can get is $1,415 a year.
Also See:- 3 college degrees you’ll earn when you work for more than $200,000