Social Security Payments Scheduled for Black Friday 2024: Know Payment Date & More Details

Black Friday, falling on November 29, 2024, is a day many Americans look forward to for great shopping deals. For recipients of Social Security, particularly those on Supplemental Security Income (SSI), this year’s Black Friday may be even more anticipated as it coincides with a scheduled payment date.

Here’s what you need to know about your upcoming Social Security payments and how they might align with your Black Friday plans.

Black Friday Payment for SSI Recipients

For SSI recipients, the Social Security Administration (SSA) has scheduled their December 2024 payment to be deposited on November 29, 2024—Black Friday. This early payment occurs because December 1, 2024, falls on a Sunday, requiring the SSA to process payments on the preceding business day.

This means that if you rely on SSI, you’ll have funds available right on Black Friday, which could be perfect timing if you’re planning to take advantage of the day’s discounts for essential purchases.

Payment Details for Other Social Security Recipients

If you receive Social Security retirement benefits or Social Security Disability Insurance (SSDI) and you started collecting benefits after April 30, 1997, your payment date will be earlier in the week:

• November 27, 2024: Those not on SSI, including retirees and SSDI recipients, who typically receive payments on the fourth Wednesday of the month, will see their payment deposited two days before Black Friday.

This early payment date could be just as beneficial for those planning to shop over the Black Friday weekend, offering a financial boost right when it’s needed.

SSI Payment Amounts on Black Friday

The amount you receive on Black Friday as an SSI recipient depends on your individual or household eligibility:

• Married Couples: If both spouses are eligible, the maximum SSI payment is up to $1,415.
• Individuals: Eligible individuals can receive up to $943.
• Essential Persons: Those classified as essential persons (people who live with and support an SSI recipient) can receive up to $472.

However, it’s important to note that many SSI recipients also receive Social Security benefits, which could reduce their total SSI payment. For example:

• Seniors 65 and Older: The average SSI payment for this group is around $574.
• Under-18 Recipients: This group receives an average of $815.
• Recipients Aged 18-64: The average payment for this group is approximately $743.

Preparing for Black Friday and Beyond

If you’re considering making purchases on Black Friday with your Social Security payment, here are a few tips:

1. Budget Wisely: While the timing of this payment is convenient, it’s important to ensure that you don’t overspend. Prioritize essential items and make a list before shopping.
2. Check for Deals: Look for Black Friday deals ahead of time and plan your purchases. Some retailers offer early deals that could help you avoid the rush.
3. Consider Future Needs: While it’s tempting to use your entire payment on Black Friday, remember that your next payment won’t arrive until the end of December. Set aside funds for essential expenses in the following weeks.

Future Changes to SSI Eligibility

For those who have previously applied for SSI but did not qualify, be aware that new rules will be in effect after September 30, 2024. If you’ve been denied in the past, consider reapplying after this date, as the new regulations might impact your eligibility.

For many Social Security recipients, the payment scheduled for Black Friday 2024 could be a welcome opportunity to take advantage of holiday sales. Whether you’re on SSI or receive retirement or disability benefits, this timely payment can help you make the most of one of the biggest shopping days of the year.

Just be sure to plan your spending carefully and keep future needs in mind as you shop.

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