Author: Grace Thompson

The Social Security Administration (SSA) recently announced that there will be no Supplemental Security Income (SSI) payments issued in October 2024. This news has caused concern among millions of beneficiaries who rely on SSI benefits to cover basic living expenses. However, the SSA has also revealed the next payment date, offering clarity for those affected by the gap in October’s payments. Why No SSI Payments in October? SSI payments are typically distributed on the first day of every month. However, October 1, 2024, falls on a Sunday. According to SSA policy, when the first of the month falls on a weekend or federal holiday, payments are issued on the last business day of the previous month. In this case, SSI payments for October were distributed on September 30, 2024, leaving no...

The Social Security Administration (SSA) has announced a significant change to its payment schedule for November 2024, specifically affecting retirees who were expecting payments on November 3. This adjustment has left many retirees concerned about their finances, as they rely on these payments to cover essential living expenses. Here’s what you need to know about why this change is happening and how it may impact Social Security recipients. Why the Change in Payment Schedule? Typically, Social Security payments are distributed on the 3rd of each month for individuals who began receiving benefits before May 1997 or for those who receive both Social Security and Supplemental Security Income (SSI). However, due to a schedule adjustment and upcoming holidays, the SSA has decided to shif...

The Social Security Administration (SSA) has confirmed its payment schedule for November 2024, providing crucial financial assistance to millions of Americans, including retirees, disabled individuals, and survivors. With the upcoming holiday season, many recipients are looking forward to these timely payments, which help them manage their monthly expenses. Here’s a breakdown of the key dates and what to expect for November payments. November 2024 Payment Schedule Social Security payments are distributed based on the recipient’s birth date, following the same staggered pattern as previous months. In November, the SSA will issue payments on the following dates: November 13, 2024: For those born between the 1st and 10th of any month. November 20, 2024: For those born between the...

Millions of Social Security beneficiaries are eagerly anticipating the second round of Wednesday payments, with checks worth up to $1,920 set to be distributed in October 2024. These payments are crucial for retirees, disabled individuals, and others who rely on Social Security benefits for financial support. This month’s distribution follows the established payment schedule, providing timely assistance to recipients across the nation. Payment Schedule for October Social Security payments are sent out according to a staggered schedule, which is based on the recipient's birth date. The second round of payments in October will be issued on October 18, 2024, to those whose birth dates fall between the 11th and 20th of any month. Those born after the 20th will receive their payments in t...

Social Security recipients are eagerly awaiting updates regarding the Cost of Living Adjustment (COLA) for 2025. Each year, the COLA is adjusted to account for inflation, ensuring that benefits keep pace with rising living costs. As 2025 approaches, several important dates and announcements will impact beneficiaries. Here's what you need to know about the COLA process and when to expect updates. How the COLA Is Determined The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This index tracks changes in prices for essential goods and services, including food, healthcare, and housing. The Social Security Administration (SSA) uses data from the third quarter (July, August, and September) of the current year to determine the percen...