Many Social Security recipients are likely to spend their retirement income on Cyber Monday, the last day of November. After that, they’ll be anticipating their subsequent monthly payment. particularly if they spent a lot of money on Thanksgiving dinner or made significant purchases on Black Friday.
On Tuesday, December 3, 2024, the first Social Security payment following Cyber Monday is due. Only two different beneficiary groups in the US will receive this check or direct transfer, though.
Social Security payment 24 hours after Cyber Monday
You will receive your Social Security payment on December 3 if:
- You arereceiving SSI (Supplemental Security Income) and Social Security benefits simultaneously
- You began getting monthly retirement benefits before May 1997
- You remain eligible and have not broken SSA rules
Thus, they set up a monthly payment shortly after Cyber Monday. If you meet the above requirements, this could also be your payout if you are receiving compensation for a medical condition.
Social Security payment amounts after Cyber Monday
Except for the SSI check or direct deposit on December 31, 2024, all payments will remain the same in December. The 2025 increase will be reflected in this SSI payout.
Since the January 1 payment is scheduled one day ahead of time to avoid being received on New Year’s Day, a federal holiday, it will raise the 2025 COLA. The average amount that retirees will receive is $1,927.
If you earned the taxable limit, worked 35 years in Administration-covered employment, and filed at age 70, your maximum payment in 2024 will be up to $4,873. You could get up to $2,710 or up to $3,822 at full retirement age if you complete all the requirements but file at age 62.
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