Social Security’s Holiday Surprise: Double Bonuses for Retirees on Black Friday!

Social Security’s Holiday Surprise Double Bonuses for Retirees on Black Friday!
Image: La Grada

Black Friday week and Thanksgiving are coming up, so millions of recipients should keep an eye on their bank accounts. For certain of its recipients, the Social Security Administration has planned two sizable payouts.

These payments will be made to you if you are eligible for Supplemental Security Income (SSI) or retirement, survivor, and disability insurance (RSDI).

However, only those who claimed benefits after May 1997 and were born between the 21st and the 31st will be entitled to receive the new payment, meaning that not all retirees, survivors, and disabled persons will receive it.

As a result, if you are among the beneficiaries, find out more about the dates on which you will receive this month’s final installments.

When will the November maximum checks of $4,873 and $1,415 be sent by the Social Security Administration?

In order for all beneficiaries to be aware of their payment dates and record them on their calendars, the Social Security Administration developed a monthly payment schedule because they had millions of payments to make each month.

However, some months have adjustments because of holidays or weekends. For example, there is a significant change for SSI recipients during the final week of November.

The Social Security payment schedule states that because December 1st falls on a Sunday, SSI claimants will receive their payments on November 29th. This implies that if recipients file as couples, they will receive the maximum payout of $1,415 on Friday, Nov. 29th.

Those who file as individuals will also receive an additional $943 Social Security check from the federal department. Finally, in addition to the monthly payment for individuals or couples, recipients who additionally fulfill the essential person (EP) requirements will get an additional $472.

It is crucial to emphasize that recipients must first fulfill all of the Social Security Administration’s key person requirements in order to be eligible for this payment.

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However, provided they fulfill the aforementioned requirements, RSDI recipients will also get an additional Social Security payment on the fourth Wednesday of the month. The following payment amounts will be given to these retirees, survivors, and disabled individuals, per the SSA:

Social Security paymentsRetirement benefitsSurvivors benefits
Disability benefits
On average$1,900$1,505$1,537
Other payments
Age 62: $2,710
Age 67: $3,822
Age 70: $4,873
Individual: $1,773
2 Children: $3,653
Blind recipients: $2,590
Maximum payment: $3,822

It is significant to remember that the 3.2% rise from the 2024 cost of living adjustment (COLA) is already included in these monthly benefits. The aforementioned figures will rise once more in January 2025 as the Bureau of Labor Statistics has finally verified the revised COLA for 2025.

Keep in mind that these monthly fees change based on the needs of each program.

Social Security’s Holiday Surprise: Double Bonuses for Retirees on Black Friday!

Therefore, in order to receive the maximum benefit of $4,873 per month as a retiree, you must have paid Social Security taxes based on your maximum taxable earnings for the previous 35 years and have first postponed payments until you turn 70.

We advise you to speak with a financial counselor or Social Security specialist to fully understand all requirements and circumstances, as fulfilling these requirements may prove to be a difficult undertaking. This could greatly improve your chances of being eligible for this monthly payment.

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How much will everyone who receives Social Security get paid more next year?

The 2.5% rise for all beneficiaries has now been confirmed by Social Security, meaning that SSI recipients, survivors, retired workers, and those with disabilities will begin receiving the new hike in January installments.

Stated differently, the following payment amounts will be given to each of these beneficiaries in order to keep up with inflation and pay for all of their necessary living expenses:

Retirement checks (Plus 2.5% COLA)Survivor checks (Plus 2.5% COLA)SSDI checks (Plus 2.5% COLA)
SSI checks (Plus 2.5% COLA)
On average: $1,948
Age 62: $2,778
Age 67: $3,918
Age 70: $4,995
On average: $1,543
Individual: $1,817
2 Children: $3,744
On average: $1,575
Blind recipients: $2,655
Maximum payment: $3,918
On average: $715
Individuals: $967
Couples: $1,450
Essential person: $484
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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.