The Social Security Administration will not send any checks on November 5, which is the day of the general election for president. But this is just a surprise. But there’s a reason this week there won’t be any other payments.
Every year on November 3, Social Security pays out. Still, November 3 is a Sunday, and the Agency can’t send monthly payments to seniors or people on disability when offices are closed and banks aren’t open. That’s why these checks will be sent out on November 1.
When will people aged 62 and up get their Social Security check?
The November 3 will be sent out on November 1, 2024, according to the Agency. Because of this, everyone who is qualified will get a new payment 48 hours before their normal payday.
It’s possible that getting this Social Security payment early will bring more shocks. Many people will be shocked when they get both Supplemental Security Income (SSI) and retirement payments at the same time.
Just so you know, the SSI check usually comes on the first. That means it will be great for people who can get both early Social Security payments and SSI at the same time.
Will the 2025 COLA raise be added to Social Security payments on November 1?
In November, the extra 2.5% COLA raise will not be added to income from SSI or Social Security. Extra help from the government will be able to enjoy the higher cost of living on December 31, 2024.
Over-65s will not be able to get the 2025 COLA raise until January 3, 8, 15, or 22. Just so you know, the average amount of your November pay will be about $1,920. Some people might get a lot less money if they:
- they filed at 62,
- worked for the minimum number of years and
- did not pay much money to SSA on taxes
People who get SSI will get up to $943 on November 1. Some married people can get up to $1,450. SSI checks are usually around $698. Also, remember that a lot of people who get it also get Social Security, which cuts their payments.
Also see:-Double Deposits SSDI Recipients Set to Receive Two Direct Payments on the Same November Date
