Every month, the Social Security Administration (SSA) sends payments to nearly 73 million people across the country.
These payments go to retired workers, survivors, Social Security Disability Insurance (SSDI) recipients, and those receiving Supplemental Security Income (SSI). But when exactly will you get your payment?
The SSA follows a specific schedule for distributing payments, based on your birth date and the type of benefits you receive. For retirees, payments typically go out on Wednesdays.
However, with the holidays approaching, you might be wondering if your payment will arrive earlier than usual.
If you’re expecting a Social Security payment of $1,900 on Tuesday, December 24, here’s what you need to know.
Understanding the Social Security Payment Schedule
Social Security payments are organized based on the recipient’s date of birth. Here’s how it works:
- People born between the 1st and 10th of the month receive their benefits on the second Wednesday.
- Those born between the 11th and 20th receive payments on the third Wednesday.
- People born between the 21st and 31st will get their payments on the fourth Wednesday.
However, there’s an exception for people who began receiving retirement benefits before May 1997. They get their payments on the third day of every month, no matter when they were born.
For SSI recipients, payments are typically made on the 1st of the month. If someone receives both SSI and Social Security benefits, they get SSI on the 1st, and Social Security based on their birth date.
How Much Money Will I Get from Social Security?
The amount of money a person receives from Social Security depends on several factors, such as how much they paid into the system and when they started claiming their retirement benefits.
In 2024, the average monthly payment for a single retiree is around $1,907. For couples who file jointly, it’s about $3,303 each month. Those who receive SSI typically get $943 per month if they’re single and $1,415 if they’re married.
Who Will Receive $1,900 from Social Security on December 24?
Christmas week will bring some changes to the usual Social Security payment schedule. Since Christmas Day, which falls on a Wednesday, is a federal holiday, Social Security will adjust the payment date for that week.
Payments usually go out on Wednesday, but in this case, they will be sent a day earlier, on Tuesday, December 24.
So, who exactly will get the $1,900 payment on December 24? Beneficiaries whose birthdays fall between the 21st and 31st of the month will receive this payment on Tuesday.
If your birthday falls within this range, check your bank account, as you should see your payment arrive a day earlier than expected.
What’s Next After December 24?]
After this payment, the Social Security Administration will send out the final payment of the year on Tuesday, December 31.
This payment is for SSI recipients and will cover the month of January 2025. Because January 1 is a federal holiday, this payment will also be sent early, on December 31. This check will include the COLA (Cost of Living Adjustment) increase, which is 2.5% for 2025.
What Is the COLA Increase?
The Cost of Living Adjustment (COLA) is an important adjustment made each year to Social Security payments to ensure that beneficiaries’ purchasing power keeps up with inflation. Starting in 2025, Social Security payments will increase by 2.5% to match rising costs.
For example, if you currently receive $1,000 in Social Security benefits, your new monthly payment after the COLA increase would be $1,025. This adjustment helps retirees and other beneficiaries keep up with the rising costs of goods and services, especially during times of inflation.
To figure out how much more you’ll receive in 2025, just add 2.5% to your current monthly benefits. The increase will be applied automatically starting in January 2025.
What to Do If You Don’t Receive Your Payment on Time?
While most people will get their payments on time, there may be rare instances where a payment is delayed. If you don’t receive your payment by the expected date, be sure to check your bank account for any changes.
You can also visit the SSA website or call their customer service for assistance. Make sure to keep your personal information safe and never share sensitive details over the phone unless you’re sure you’re speaking to a trusted representative.
Conclusion
The Social Security Administration sends millions of payments each month to beneficiaries across the country. With Christmas falling on a Wednesday, the payment schedule for the week of December 24 will be adjusted.
If your birthday falls between the 21st and 31st, expect to receive your payment of approximately $1,900 on Tuesday, December 24. Additionally, starting in January 2025, your payments will be slightly higher due to a 2.5% COLA increase.
Make sure to mark your calendar and check your bank account for your payment. And remember, if you don’t receive it on time, you can always reach out to the SSA for help.
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