Supplemental Security Income (SSI) is a lifeline for about 7.5 million Americans, providing critical support to low-income families, individuals with disabilities, and older adults. While SSI payments typically arrive on the first of the month, November brings an exception this year. The final payment for November 2024 is scheduled for Black Friday, November 29, instead of December 1. Here’s why and what you can expect from this early payment.
Early Payment
Social Security planned to issue SSI payments on December 1, 2024, but that date falls on a Sunday. Since the Social Security Administration (SSA) and financial institutions do not operate on weekends, the payment has been rescheduled to the previous business day—Black Friday, November 29.
This adjustment ensures recipients can access their funds without delays, making it easier to manage expenses as the month transitions into the holiday season.
| Date | Event | Reason |
|---|---|---|
| December 1, 2024 | Original SSI Payment Date | Falls on a Sunday |
| November 29, 2024 | Revised Payment Date (Black Friday) | Previous business day |
Payment Amounts
The maximum SSI payment an individual can receive on Black Friday is $943. However, this payment does not yet reflect the 2025 Cost-of-Living Adjustment (COLA), which increases benefits by 2.5%.
Here’s how the SSI payment amounts compare now and after the COLA increase:
| Recipient Type | November 29, 2024 Payment | Post-COLA (December 31, 2024) |
|---|---|---|
| Individual | $943 | $967 |
| Eligible Married Couple | $1,415 | $1,450 |
| Essential Person | $472 | $484 |
Essential Person
An essential person is someone who lives with an SSI recipient and provides necessary care or services. These individuals also qualify for monthly payments, which will increase with the COLA adjustment in late December.
Eligibility
To receive your Black Friday SSI payment, you must meet the following eligibility criteria and remain in compliance with SSA guidelines:
- Low Income: Your income must be below the SSI income limit.
- Limited Resources: Assets, such as savings and property, must not exceed specific thresholds.
- Qualifying Conditions: You must have a disability, be blind, or be at least 65 years old.
- Residency: You must reside in the U.S. or meet specific residency requirements.
Additionally, any significant changes in your financial or personal circumstances, such as getting married or inheriting money, must be reported to the SSA. These changes may impact your eligibility or the payment amount.
COLA Increase
Although November 29 payments will not include the 2.5% COLA increase, recipients can expect their boosted benefits on December 31, 2024, as part of the January 2025 payment cycle.
This increase ensures that SSI payments keep pace with inflation, helping beneficiaries maintain their purchasing power in the new year.
Final Thoughts
SSI recipients should be prepared for their payment to arrive early this month on Black Friday, November 29, 2024. This adjustment ensures no interruptions to access, even though December’s COLA increase won’t be reflected until the end of the year. Staying informed and maintaining your eligibility is key to maximizing this vital benefit.
FAQs
Why is SSI paid on Black Friday?
December 1 is a Sunday, so payments are early.
What is the maximum SSI payment?
$943 for individuals, $1,415 for couples in November 2024.
When does the COLA increase apply?
COLA applies to payments starting December 31, 2024.
Who qualifies for SSI?
Low-income individuals with disabilities, blindness, or aged 65+.
What is an essential person?
Someone providing necessary care to an SSI recipient.
