Social Security Payments Arriving Before Black Friday – Checks of Up to $4,873

With Black Friday just around the corner, millions of retirees are looking forward to great deals, whether it’s for gifts or personal treats. Falling on November 29, 2024, this iconic shopping day promises discounts that can help seniors stretch their retirement dollars a little further. However, inflation and rising prices can make it challenging to take full advantage without careful planning.

Fortunately, retirees who depend on Social Security and SSDI (Social Security Disability Insurance) can count on their November payments to help fund their purchases. Knowing when these payments are scheduled is key to budgeting for Black Friday.

Payments

For many retirees, October payments from Social Security have already been deposited. Specifically, those payments went out on October 3 and October 9, helping millions cover their everyday expenses. However, for those looking ahead to Black Friday deals, November payments will be the critical ones.

Payments Schedule

The Social Security Administration (SSA) has mapped out the schedule for November payments, giving retirees and SSDI recipients clear expectations for when their money will arrive. This is especially important as it will allow retirees to budget wisely before Black Friday.

Early November Payments

If you started receiving Social Security or SSDI benefits before May 1997, or if you receive Supplemental Security Income (SSI) along with these benefits, your November payment will arrive on November 1, 2024. Typically, these payments would be due on the 3rd of the month. However, because November 3 falls on a weekend, the payment has been moved forward to the 1st.

For those eligible for both Social Security and SSI, this could mean two separate payments in early November. This provides a great opportunity to start setting aside funds for Black Friday shopping.

Mid-November Payments

For other Social Security recipients, payments in November will depend on their birthdates. The SSA has scheduled payments across three Wednesdays in November, which are:

Birthday Range	Payment Date
1st-10th	November 13
11th-20th	November 20
21st-31st	November 27

If your birthday falls between the 1st and 10th of any month, expect your payment on November 13, while those born between the 11th and 20th will receive their payment on November 20. If your birthday falls between the 21st and 31st, your payment will be deposited just two days before Black Friday on November 27. This will allow recipients to have the funds just in time for last-minute Black Friday purchases.

December Payments

Interestingly, for SSI recipients, the payment typically scheduled for December 1 will be issued on November 29, which coincides with Black Friday. Since December 1 falls on a Sunday, the payment is moved up, meaning SSI recipients can enjoy the extra funds on Black Friday. While this is technically the December payment, it could still be used for early holiday shopping or Black Friday deals.

Amount

The average Social Security payment for retirees in 2024 will be about $1,920, while the maximum amount for high-earning retired workers could reach $4,873. These amounts can make a significant difference when shopping for deals, especially for big-ticket items. By knowing your payment date and having a sense of what to expect, you can plan and budget effectively.

Black Friday

With Social Security payments aligned for November, retirees can start thinking about how to make the most of Black Friday without overspending. Given inflation’s impact on many goods, these payments could be a helpful buffer. Here’s a quick tip: focus on creating a list of the items you really need, set a spending limit, and stick to it to ensure your payment stretches as far as possible.

Remember, Black Friday deals can sometimes be enticing, but it’s essential to prioritize your spending on what you truly need and avoid going over budget.

As Black Friday approaches, take comfort in knowing when your Social Security payment will arrive. Whether you’re planning to buy gifts for family or treating yourself to something special, timing your spending can help you stay financially on track.

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