New payments are on their way in the United States. The Social Security Administration (SSA) will be responsible for providing them to eligible American seniors. Here are the revised payment dates for November, as well as the probable amounts of direct deposits or cheques for retirees.
For your knowledge, no Social Security payments for retirees in November include the 2025 COLA rise. Actually, retirees will not receive the 2.5% rise until the new year begins. January 3rd is the first payday with the COLA bump.
November paydays for retirees on Social Security
The final three installments will go to retired workers who did not qualify for a direct deposit or cheque in early November. Those on benefits before to May 1997, as well as those on SSI and Social Security, received their salary on November 1.
- Retiree whose birthday is from the 1st to the 10th: benefit payment on November 13
- Retiree whose birthday is from the 11th to the 20th: benefit payment on November 20
- Retiree whose birthday is from the 21st to the 31st: benefit payment on November 27
Do not forget that only those workers who have applied for Social Security can receive these payments. The age you file will affect your payment amount. For example, if you file at 62, you get a 30% reduction.
Maximum payment amounts for retirees on Social Security in November
The maximum benefit a retiree can receive in November is $4,873. Because the 2.5% has not yet taken effect, benefits will stay the same as in previous months in 2024.
On average, retirees can get approximately $1,921. A Social Security benefit payment is determined on your employment history, so you may receive a lesser or greater payment. Not all workers receive the same amount of money.
Remember that if you apply for Social Security and complete the qualifications, your spouse or children may get benefits on your record. The average check for spouses is $909, while the average check for children is approximately $892.
Also See:- SSI check for children – Here’s how to apply to Social Security