If you’re waiting for your Social Security payment in November 2024, you could receive as much as $4,873! But not everyone will qualify for this large payment. There are important details to know about when you will receive your check, how much it will be, and who is eligible.
Who Gets the Social Security Payment?
The payment for November 1, 2024, will go to people who qualify based on when they applied for Social Security benefits.
If you started receiving benefits after April 30, 1997, you will need to also be getting Supplemental Security Income (SSI) to receive the payment.
People who qualify for the November 1 payment must also have worked and paid taxes for at least 35 years.
Social Security Payment Dates
The Social Security payment will be sent out in different rounds depending on when you were born. These payments will go out on three dates in November:
- November 13: For people born before November 11, 2024.
- November 20: For people born between October 10 and November 21.
- November 27: For people born between November 21 and 31.
These dates are when the payments will be sent, so check your calendar!
Maximum Social Security Payment of $4,873
Some lucky retirees could receive the highest possible Social Security payment of $4,873 in November 2024. To qualify for this, you must have worked for at least 35 years and earned a high income for those years. You must also have applied for Social Security at age 70 and met other eligibility criteria.
Average Payment
Most people won’t get the maximum payment. The average Social Security payment in November will be around $1,921. However, it is important to remember that the Social Security checks for 2025 will include a cost-of-living adjustment (COLA) increase of around 2.5%, which will make payments higher in the new year.
Eligibility for Social Security Payments
To be eligible for the maximum payment of $4,873, you must have:
- Applied for Social Security at the age of 70
- Worked for 35 years or more
- Paid payroll taxes during your working years
- Stayed eligible and followed Social Security rules
If you meet these requirements, you might be one of the few who receives the highest payment.
1. How do I know when I will get my Social Security payment in November?
Your payment date depends on when you were born. If you were born before November 11, you’ll receive it on November 13. If your birthday is between October 10 and November 21, it’s on November 20, and the rest will get theirs on November 27.
2. Can I get $4,873 from Social Security?
To get the maximum payment of $4,873, you need to have worked for 35 years, applied for Social Security at 70, and earned enough money over those years.
3. Will the 2025 COLA increase be included in these payments?
No, the COLA increase for 2025 will not be part of these November payments. It will apply starting in January 2025.
4. How much will the average Social Security payment be in November 2024?
Most people will receive an average payment of about $1,921.
5. Do I need to apply for both Social Security and SSI to get the November 1 payment?
Yes, if you started receiving Social Security benefits after April 30, 1997, you must also be getting SSI to qualify for the November 1 payment.
