The Supplemental Security Income (SSI) payment scheduled for November 29, 2024, will provide a much-needed financial boost for many recipients, just in time for the busy shopping season of Black Friday. However, there are specific eligibility requirements and important scheduling details that SSI beneficiaries should be aware of.
Eligibility for SSI Payments
SSI is a federal program designed to assist individuals facing financial challenges. To qualify, you must meet these key requirements:
- Income & Resources: Must have low income and limited resources.
- Age or Condition: You must be at least 65 years old, blind, or have a qualifying disability.
If you have never applied or been approved for SSI, you won’t be eligible for this payment.
Timing of the SSI Payment
Although this payment coincides with Black Friday, the Social Security Administration (SSA) schedules payments based on business days:
- November Payment: Recipients already received their regular November SSI payment on November 1, 2024.
- December Payment: The December SSI payment will be issued early on November 29, since December 1 falls on a Sunday (a non-business day).
This ensures that beneficiaries will receive their payments without delay, though it may feel like receiving an extra check within the same month.
Final SSI Payment of 2024
The November 29 payment is technically for December and is not the last payment of the year.
- December 31 Payment: The first SSI payment of 2025 will be issued on December 31, 2024, as January 1 is a federal holiday. This payment will include the 2.5% COLA increase, raising the average SSI benefit to $697, with some individuals receiving up to $967.
Budgeting Tips for SSI Recipients
To make the most of these payments:
- Treat the November 29 payment as December income.
- Prepare for the December 31 payment, which will include the COLA adjustment for January 2025.
- Budget wisely to avoid overspending during the holiday season.
Important Payment Dates
| Date | Payment Month | Details |
|---|---|---|
| November 29, 2024 | December 2024 | Early SSI payment due to December 1 falling on a Sunday. |
| December 31, 2024 | January 2025 | Includes the 2.5% COLA increase for the new year. |
While the Black Friday SSI payment may seem like a convenient holiday bonus, its timing is strictly based on the SSA’s scheduling policies. Stay informed and plan your budget carefully to make the most of these benefits during the festive season.
FAQs
- Why is the SSI payment on November 29?
December 1 falls on a Sunday, so the SSA moved the payment to the previous business day. - Does the Black Friday payment include the COLA?
No, the COLA increase starts with the December 31 payment. - Who qualifies for SSI payments?
Low-income individuals who are aged 65+, blind, or disabled. - When will the last SSI payment of 2024 be made?
The last payment will be issued on December 31, for January 2025 with a 2.5% COLA boost. - How much will the 2025 COLA increase SSI?
The average SSI payment will rise to $697, with some recipients receiving up to $967.
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