Supplemental Security Income is paid to about 7.5 million Americans. Low-income families can get SSI, and their checks usually come on the first of the month. So, you might be shocked when you get your first check or direct deposit on November 29, 2024, Black Friday. It’s easy to understand why Social Security chose Black Friday for this Federal payment.
The date that Social Security was supposed to set was December 1. Still, it’s Sunday, and the Agency doesn’t send or deposit checks on the weekend. Because of this, SSA sends the monthly SSI payment the day before the next business day. This means that its offices are open, as are banks.
SSI amounts on Black Friday
On Black Friday, the most money that a person on SSI can get is $943. For your information, the 2025 COLA increase will not be part of the payments made on November 29.
To get the 2.5% increase, everyone who gets SSI will have to wait until their monthly payment on December 31, 2024. When the COLA increase starts to take effect, the most a person can get will be $967.
As things were before COLA, a married couple who is eligible can get up to $1,415 on Black Friday. It will cost $1,450 after December 31, 2024. On Black Friday, someone who is essential and gets Supplemental Security Income will get up to $472.
Who is eligible for SSI on Black Friday?
You had to file for and get approval from Social Security in order to get Supplemental Security Income payments on November 29. Of course, you have to still be eligible to get these monthly payments.
Things like getting married or inheriting a lot of money can change your ability to get payments. Because of this, it is very important to let the Social Security Administration know about any changes.
In general, you qualify for SSI if:
- you have little or no resources
- you have a low income
- you have a disability, are blind, or at least 65 years old
- meet residency and other requirements
Read Also :- 3 Disability benefit payments to be sent in November – SSI and SSDI recipients to get check of $696 & $1,542
