The 11th of December 2024 will be a big day for people who get Social Security in the United States. This is the last payment of 2024 for people born between January 1st and October 10th of any month.
This includes retirees and people on disability benefits. The 2.5% COLA increase will not show up on this cheque yet because it will not happen until the first payment in January 2025.
For this group of beneficiaries, this is the last payment of the year and the end of the official Social Security distribution calendar. This gives them a chance to plan their year-end expenses and get ready for the changes that will happen to their payments next year.
Requirements to receive the December 11 payment
To be eligible for the December 11, 2024 payment, beneficiaries must meet the following criteria:
- Be enrolled in the Social Security retirement or disability program.
- Be born between the 1st and 10th of any month.
The Social Security Administration bases payments on the dates that people were born. For people whose birthdays are not in this range, their payments will have already been sent earlier. Knowing when payments are due is important for keeping track of your income and avoiding budget problems.
If the payment does not arrive on time, the beneficiary should call Social Security right away to report the problem and follow the standard steps for fixing errors or delays.
Social Security Planning for the end of 2024 and the start of 2025
The December 11 payment will not include the 2.5% COLA increase, but it is very important for beneficiaries to look at their finances and get ready for the changes that will happen in the new year. From 2024 to 2025, payments will change in the following ways:
| Category | Maximum Payment in 2024 | Projected Maximum Payment in 2025 |
|---|---|---|
| Retirement or Disability | $3,822 per month | $4,018 per month |
The first cheque that includes the new COLA amount will come in January 2025. This will make sure that payments are in line with the current cost of living.
Until then, the December 11 payment is still very important for people who depend on Social Security to meet their basic needs.
To make good financial decisions and keep the economy stable as the year ends, it is important to know when payments are due and what changes are coming to the Social Security program.
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