Social Security and SSI benefit payments of about $1,924 and $697 before Black Friday

As the holiday season approaches, millions of Social Security and Supplemental Security Income (SSI) recipients are preparing for the next round of monthly benefits. This November, there will be six total payments issued, spread across five designated paydays. Here’s a breakdown of when you can expect to receive your Social Security and SSI payments this month, along with details on how these dates align with the upcoming shopping rush on Black Friday.

Social Security and SSI Payments Schedule for November 2024

In November 2024, the Social Security Administration (SSA) has four payment dates remaining, including the final payment date for SSI recipients. Here’s a closer look at each date and who qualifies for each specific payment.

Payment Date	Eligible Recipients
November 13	Social Security beneficiaries born on the 1st-10th of any month, not receiving SSI, and who started benefits after May 1997.
November 20	Social Security beneficiaries born on the 11th-20th of any month, who do not receive SSI benefits.
November 27	Social Security beneficiaries born on the 21st-31st of any month, who do not receive SSI benefits.
November 29	SSI recipients only. This payment will be issued on Black Friday.

Key Payment Dates Before Black Friday

For Social Security recipients who rely on monthly benefits, the closest payment date before Black Friday will be November 27. This date ensures retirees have funds available just two days before the big shopping day, ideal for covering any holiday or essential purchases. Here’s a summary of estimated payment amounts:

• Up to $4,873 per month for those who filed at age 70, worked for at least 35 years in SSA-covered jobs, and earned the taxable maximum throughout those years.
• Up to $3,822 per month for those who filed at full retirement age, worked for at least 35 years, and earned the taxable maximum.
• Up to $2,710 per month for those who filed at age 62, worked for at least 35 years, and earned the taxable maximum.
• Average monthly payment: As of October 2024, the average Social Security benefit amount is approximately $1,924.

Final SSI Payment Arriving on Black Friday

In addition to Social Security payments, the SSA has confirmed that SSI recipients will receive their final monthly payment on Black Friday, November 29, 2024. This payout will benefit around 7.5 million Americans, offering recipients timely financial support as holiday expenses increase. For SSI, monthly amounts vary based on individual circumstances but typically range as follows:

• Maximum SSI Payment for Individuals: Up to $943 per month.
• Maximum SSI Payment for Couples: Up to $1,415 per month.
• Average SSI Payment: Approximately $697.

Understanding the Social Security Payment Calendar

The SSA payment schedule helps recipients plan their finances around set dates each month. Social Security benefits are issued on the second, third, and fourth Wednesdays of each month, depending on the recipient’s birth date. SSI payments, however, are typically issued on the first of each month, with adjustments made when that date falls on a weekend or holiday.

This structured payment schedule ensures that recipients have a reliable timeline to budget for monthly expenses, including significant purchases or holiday-related spending.

Helpful Tips for Black Friday Spending on Social Security Benefits

For those planning to shop during the holiday season, here are some practical ways to make the most of your Social Security benefits:

1. Create a Budget: Before shopping, set a budget based on your available funds to avoid overspending.
2. Compare Prices: Take advantage of pre-Black Friday deals and compare prices online to secure the best bargains.
3. Use Digital Tools: Utilize online shopping tools and apps that track prices and alert you to discounts.
4. Prioritize Essentials: Focus spending on essentials and avoid impulse buys, which can add up quickly.