The Social Security Administration (SSA) is set to issue a new payment this month. Each month, the SSA processes millions of payments to beneficiaries of its programs, primarily to retired workers and recipients of Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). The SSA follows a payment calendar based on the beneficiaries’ birth dates to ensure accurate and organized distribution.
Those born between the 1st and 10th of the month receive their payments on the second Wednesday. Beneficiaries born between the 11th and 20th receive payments on the third Wednesday, while those born between the 21st and 31st receive payments on the last Wednesday of the month. Workers who retired before May 1997 and SSI beneficiaries do not adhere to this payment schedule.
They receive their checks or deposits during the first days of the month, regardless of their birth date, with exceptions made when the first of the month falls on a weekend or public holiday. The amount of payments varies by individual, as it is determined by considering several factors, including the years of contributions and the age at which the beneficiary requested their payments. However, the SSA provides estimates that serve as a reference for people looking to plan for their future and request retirement early.
Upcoming November Social Security payments
The average monthly payment for a retired individual in 2024 is $1,907. Based on annual data from the SSA, only about 4.8 percent of beneficiaries receive a check this size.
More than half, approximately 55 percent, will receive a check under $1,900. The beneficiaries who will receive a payment on Wednesday, November 20, are those whose date of birth is between the 11th and 20th of the month. With this, only one payment corresponding to the month of November would remain pending, in addition to the first payment of December for SSI beneficiaries:
– Wednesday, November 27: Beneficiaries with birth dates between the 21st and the 31st
– Wednesday, December 1: Beneficiaries of Supplemental Security Income (payment corresponding to December)
Year after year, the Administration makes adjustments to recipients’ payments to match the amounts with current inflation, avoiding purchasing losses when the inflation rate is high.
This equalization is known as the Cost of Living Adjustment (COLA). In 2024, the COLA increase was 3.2%, while in 2025 it will be 2.5%. To find out how much money you will receive with the COLA increase, add 2.5% to your current amount.
The increase will be reflected automatically starting with the first payment in 2025. For more information, visit the official SSA website.
Noah Nguyen is a multi-talented developer who brings a unique perspective to his craft. Initially a creative writing professor, he turned to Dev work for the ability to work remotely. He now lives in Seattle, spending time hiking and drinking craft beer with his fiancee.
