The Social Security Agency will send an extra payment to some beneficiaries in November.
Published: Oct. 17, 2024, 6:17 a.m.Recipients of Supplemental Security Income, or SSI, will get next month’s first payment on Friday, Nov. 1. However, because the first of the month in December falls on a Sunday, those benefits will arrive on Friday, Nov. 29th, meaning two checks will arrive in November.Some 7.5 million Americans receive SSI benefits each month.
Social Security recipients will see an increase on January’s payments; SSI’s first higher payment will be on Dec. 31, 2024. The increase is lower than the 3.2% beneficiaries received in 2024 but is close to the historical norm of 2.6% received in the past 20 years. During that time, COLAS have ranged from as low as 0 in 2010, 2011 and 2016 and as high as 8.7% in 2023.
The 2.5% increase means the average beneficiary receiving $1,870 per month will see an increase of about $46.80 next year. If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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