People who need to buy essential items on Black Friday will greatly benefit from the Federal payment that is due on November 29.
You must be receiving Supplemental Security Income in order for this monthly check or direct transfer to be issued to you. Stated differently, SSI. In other words, if you have never applied and been rejected, you are not eligible.
SSI recipients must be low-income individuals with limited or no additional resources. This makes it advantageous for the federal government to assist citizens who are struggling financially.
One more condition for SSI payments
You must still be eligible for SSI if you are receiving it on November 29. To put it another way, you have to be at least 65 years old, blind, or disabled. This implies that the number of people eligible to receive benefits from the SSI program has significantly decreased.
This raises the question of why, rather than December 1, 2024, the SSI payment is due on November 30, 2023. Recall that on November 1st, the November check or deposit was issued.
Sending two checks in the same month is illogical. The Social Security Administration just didn’t want you to have the money on such a busy shopping day, which is why they didn’t pay you on Black Friday. December 1st, Sunday, is not a working day.
Will the SSI payment on Black Friday be the last one in 2024?
It will be the December payment, to be precise, but it won’t be the final one scheduled for December. Since January 1st is a Federal holiday, the payment cannot be sent on that day.
Therefore, on December 31, 2024, it will be deposited into the bank accounts of those who get SSI. Keep in mind that the SSI checks you receive on December 31 and Black Friday are for the subsequent month.
It will be crucial to plan your monthly budget and manage your spending wisely. The Black Friday payment will not include the 2025COLAincrease. The December 31 SSI check will still be issued.
These individuals should anticipate a 2.5% increase. The amount will be around $697, but each person could get as much as $967.
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