Big change in SSI payments for 2025! Know the new amount on Black Friday!

Currently, the Supplementary security income reaches 7,5 million Americans. The first of the month is when low-income families receive their pay through SSI. If your first check or direct deposit is on Black Friday, November 29th, 2024 , you just might get a surprise. That Federal payment on what was a Black Friday was intended for one purpose only under Social Security.

Instead of when social security should have been set it should have been set on December 1. Well, the Agency does not send checks and deposits on Friday, Saturday and Sunday even though it is Sunday you know. Hence, SSA pays monthly SSI for the prior business calendar day. There are offices of financial institutions and its branches exist.

SSI amounts on Black Friday

In most cases, it costs $943 on Black Friday; it means the November 29 payments would not encompass the 2025 COLA hike.

For the 2.5 percent raise, all SSI users are allowed to receive their monthly payout increase only on December 31, 2024. An increase in COLA will propel the maximum to $967.

Before COLA, on Black Friday, qualified married couples could get $1,415. It will be $1,450 starting December 31 2024. SSI recipients are to receive up to $472 on Black Friday.

Who is eligible for SSI on Black Friday?

If you are intending to qualify for the Supplemental Security Income, then by November 29 you must ensure that your social security clearance is complete. You much ensure you’re still qualify or allowed to receive a monthly amount or allowance.

Marriage or owning lots of cash can make a difference as to whether you will be paying your credit card balances or not. Obviously, there are some changes which should be made to the Social Security Administration.

SSI is usually available if:

• you have little or no resources
• you have a low income
• you have a disability, are blind, or at least 65 years old
• meet residency and other requirements

FAQs On Big change in SSI payments for 2025