Social Security Payments Boost: $4,873 for Retirees Just in Time for Black Friday

Social Security Payments Boost $4,873 for Retirees Just in Time for Black Friday
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Many seniors are looking forward to receiving Social Security benefits in anticipation of Black Friday, which is scheduled for November 29, 2024, in order to take advantage of the holiday sales. Some people might even get two payments in November, which would give them a little additional money to spend on this season’s shopping.

Knowing when your Social Security benefits will arrive might help you make better plans and take advantage of the greatest offers without going over budget.

Depending on when you were born and when you first began receiving benefits, Social Security pays out benefits on various dates. The schedule for November 2024 is broken down as follows:

Payment Date
Eligibility Criteria
Friday, November 1Retirees and SSI beneficiaries who began receiving benefits prior to May 1997
Wednesday, November 13Those who were born between May 1st and May 10th and began receiving benefits after May 1997
Wednesday, November 20Those who began receiving benefits after May 1997 and were born between May 11 and May 20
Wednesday, November 27Those who were born between May 21 and May 31 and who began receiving benefits after May 1997
Friday, November 29
In November, SSI recipients will receive a second payment.

Read Also: SSI Payment Schedule and COLA Updates: What to Expect on November 1st?

Total Amount

Depending on your retirement age and the particular program you are involved in, your Social Security benefits may differ. The average retiree’s monthly income ranges from $1,920 to $4,873. The highest monthly benefit for SSI claimants, however, is $1,415.00.

Some receivers may receive two payments in November, so this month’s budget might receive a slight boost.

This would enable you to better plan for Christmas expenses or take advantage of early Black Friday sales. In order to properly budget for the month, it’s usually a good idea to know the precise quantities you anticipate.

Reference

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With more than two years of expertise in news and analysis, Eileen Stewart is a seasoned reporter. Eileen is a respected voice in this field, well-known for her sharp reporting and insightful analysis. Her writing covers a wide range of subjects, from politics to culture and more.