Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Facebook Twitter Instagram
Trending
  • Summer Financial Checklist
  • 3 Gently Used Cars You Can Still Buy for Under $20,000
  • 20 Companies With Permanent Remote Jobs
  • 8 Things You’re Forgetting to Include in Your Monthly Budget
  • NASA, Netflix Team Up to Live Stream Rocket Launches
  • Mark Zuckerberg Reveals Meta Superintelligence Labs
  • You Don’t Need A Retirement Coach—Or Do You?
  • Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run
Wednesday, July 2
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » Why some Americans will receive an extra Social Security check in November
Personal Finance

Why some Americans will receive an extra Social Security check in November

News RoomBy News RoomOctober 22, 20240 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Some Americans will receive two Social Security payments in November due to a quirk in the system that results in a second monthly payment on rare occasions.

Typically, the Social Security Administration (SSA) sends out one payment each week, delivering Social Security checks on the second, third and fourth Wednesdays of each month. Then it pays Supplemental Social Security Income (SSI) – which provides support for disabled people and older Americans with low incomes – on the first of the month unless it falls on a weekend or holiday.

Because Dec. 1 falls on a Sunday, SSI recipients will receive two payments in the month of November. The first check will arrive on Friday, Nov. 1, while the second check will come on Friday, Nov. 29.

Roughly 7.4 million Americans collect SSI benefits. The back-to-back deposits do not mean retirees are receiving extra money – it’s just an early payment for the following month.

SOCIAL SECURITY COST-OF-LIVING ADJUSTMENT WILL BE 2.5% IN 2024, LESS THAN PRIOR YEAR

Social Security recipients recently learned the size of the cost-of-living adjustment (COLA) they will receive for 2025, which will be smaller than this year’s.

The Social Security COLA for 2025 will be 2.5%, which is the smallest since 2021. That means Social Security retirement benefits will, on average, increase by roughly $50 per month starting in January, the SSA said earlier this month.

TRUMP PROMISES TO HALT TAXES ON SOCIAL SECURITY; CITES ‘INFLATION NIGHTMARE’ FOR SENIORS

Social Security Administration

“Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool,” said Social Security Commissioner Martin O’Malley.

Next year’s 2.5% COLA is less than the 3.2% adjustment that Social Security beneficiaries received in 2024, but would be roughly in line with the historical norm, as it’s averaged 2.6% over the last 20 years.

SOCIAL SECURITY CRISIS: BENEFICIARIES FACE 21% BENEFIT CUT WITHOUT REFORMS, SAYS CRFB

Social Security benefits

Inflation has cooled over the past year, which reduced the size of the COLA as the pace of price growth slowed.

“This adjustment means older Americans will receive needed relief to help better afford essential items from groceries to gas,” AARP CEO Jo Ann Jenkins said in a statement. “Inflation took a financial toll this past year, particularly on retirees, who often rely on Social Security as a key source of income. Even with this adjustment, we know many older Americans who rely on Social Security may find it hard to pay their bills.”

Beneficiaries saw an 8.7% increase in 2023, which was the largest since the early 1980s, due to surging inflation that had peaked at a 40-year high of 9.1% in June 2022.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Summer Financial Checklist

Retirement July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

Burrow July 1, 2025

20 Companies With Permanent Remote Jobs

Make Money July 1, 2025

8 Things You’re Forgetting to Include in Your Monthly Budget

Budgeting July 1, 2025

NASA, Netflix Team Up to Live Stream Rocket Launches

Make Money July 1, 2025

Mark Zuckerberg Reveals Meta Superintelligence Labs

Investing July 1, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 20250 Views

20 Companies With Permanent Remote Jobs

July 1, 20250 Views

8 Things You’re Forgetting to Include in Your Monthly Budget

July 1, 20250 Views

NASA, Netflix Team Up to Live Stream Rocket Launches

July 1, 20250 Views
Don't Miss

Mark Zuckerberg Reveals Meta Superintelligence Labs

By News RoomJuly 1, 2025

Meta CEO Mark Zuckerberg, 41, is reshaping the company’s AI efforts to focus on superintelligence,…

You Don’t Need A Retirement Coach—Or Do You?

June 30, 2025

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

June 30, 2025

10 Creative Ways to Save for a Big Goal (Like a Vacation!)

June 30, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Most Popular

Century 21 CEO optimistic over 2025 real estate market: Here's what buyers 'don't realize'

December 16, 20241 Views

15 Best Paid Survey Sites For Kids

December 12, 20231 Views

Summer Financial Checklist

July 1, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.