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, the Social Security Administration set up a monthly payment shortly after Cyber Monday. If you meet the above requirements, this might also be your payout if you are receiving SSDI benefits because of 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 2025COLArise 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 retirement benefit is $1,927, according to the Social Security Administration’s COLA Fact Sheet.
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.
Additionally, view the IRS’s greatest refundable tax credit for 2024, which is nearly $7,000; determine your eligibility and submit a claim.
Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!
ChiefsFocus is a dedicated news writer with extensive experience in covering news across the United States. With a passion for storytelling and a commitment to journalistic integrity, ChiefsFocus delivers accurate and engaging content that informs and resonates with readers, keeping them updated on the latest developments nationwide.