American retirees can expect their next Social Security payment on November 13, 2024. For those who received a check or direct deposit on November 1, the next payment will not arrive until December, as this date is exclusively for a different group of recipients. Here’s a breakdown of who qualifies for the November 13 payment and what factors determine the payment amount.
Who Receives Social Security on November 13?
The Social Security Administration (SSA) staggers payments based on birth dates and the date benefits began. If you are unsure whether you will receive a payment on November 13, here’s how it works:
- Early Payment Recipients: Those who began receiving Social Security benefits before May 1997 (or are receiving both Social Security and Supplemental Security Income) received their November check on November 1. They will not receive another payment until December.
- Post-1997 Retirees: Individuals who began receiving benefits after April 30, 1997, will receive payments based on their birth dates:
- Retirees born between the 1st and 10th of any month will receive their payment on November 13.
- Those with later birth dates will have their payments issued in the following weeks:
- November 20 for birthdays between the 11th and 20th.
- November 27 for birthdays between the 21st and 31st.
This tiered schedule helps distribute Social Security payments evenly across each month.
How Much Can Retirees Expect to Receive?
The amount you receive from Social Security depends on multiple factors, including your work history and the age at which you filed for benefits. Here’s an outline of typical payment amounts as of September 2024:
- Average Payment: The average monthly payment for retirees is currently about $1,921. This can vary widely based on the recipient’s work history, with retirees who filed for benefits at age 62 or those with shorter work histories receiving less.
- Maximum Payment: Some retirees can receive up to $4,873 monthly. This higher payment is typically for those who:
- Worked at least 35 years in jobs covered by the Social Security Administration.
- Delayed filing until age 70 to maximize their benefits.
- Met all eligibility requirements without breaks in SSA-covered employment.
In January 2025, the Cost of Living Adjustment (COLA) will increase payments further, providing a higher monthly benefit to help offset inflation.
How to Prepare for Your Next Payment
If you qualify for the November 13 payment date, be sure to confirm your direct deposit details with the SSA to avoid delays. Payments typically arrive in bank accounts early on the scheduled date, but if you are expecting a check, remember it may take a few extra days to arrive by mail.
For those not eligible for the November 13 payment, use the Social Security Administration’s online services to view payment schedules and manage benefits.
