SSI Checks November: In an unusual twist this November, many recipients of Supplemental Security Income (SSI) will receive not one, but three checks. The calendar’s quirks have led to this unexpected benefit, with two SSI payments set to be distributed alongside the regular monthly Social Security check.
Why Are There Extra SSI Checks November?
Typically, SSI payments are issued on the first business day of each month. For November, recipients will receive their payment on November 1. However, due to December 1 falling on a Sunday, the December SSI payment will instead be sent out on November 29. This means those relying on SSI will see a boost in their funds this month, but they should prepare for a gap in December when no SSI checks will be issued. (SSI Recipients Extra Checks)
What Does This Mean for SSI Recipients?
While the extra payments may seem like an early holiday gift, recipients should exercise caution in budgeting their funds. It’s crucial to plan for the month of December when no payments will be coming in. This is not the first occurrence of this nature; a similar situation happened in August, where SSI beneficiaries received two payments but no check in September.
Impact of COLA Adjustments
Additionally, the Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) increase for 2025. This adjustment, effective in January, will slightly raise the monthly checks for nearly 68 million beneficiaries, adding an average of $50 to their monthly income. However, this increase is lower than previous years, raising concerns about its adequacy in keeping up with inflation and rising living costs.
Looking Ahead
It’s important for SSI recipients to stay informed about future changes. The SSA’s payment schedule for 2025 will feature similar calendar quirks that may affect when checks are received. For instance, in January 2025, beneficiaries will receive their payment on December 31, 2024.
This November brings unique opportunities for SSI recipients, but also highlights the need for careful financial planning as the year wraps up.
