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

Some Americans will receive two Social security payments in November due to a glitch in the system that in rare cases results in a second monthly payment.

Usually the Social security Administration (SSA) sends one payment each week and delivers Social Security checks on the second, third, and fourth Wednesdays of each month. Then, Supplemental Social Security Income (SSI) – which provides support to disabled and low-income older Americans – pays out on the first of the month, unless it falls on a weekend or holiday.

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

About 7.4 million Americans collect SSI benefits. The successive deposits do not mean that retirees receive extra money; it’s just an early payment for the next month.

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Some Social Security recipients will receive an extra check in November because of the calendar quirk. ((Photo illustration by Kevin Dietsch/Getty Images) / Getty Images)

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 pension benefits will increase by an average of about $50 per month starting in January, the SSA said earlier this month.

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The Social Security Administration schedule shows that SSI payments will go out on November 1 and 29. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images/Getty Images)

“Social benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with spending even as inflation begins 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 has averaged 2.6 over the past two decades % was.

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Social Security recipients will receive a 2.5% COLA next year, increasing the average benefit by about $50 per month. (iStock / iStock)

Inflation has cooled over the past year, causing the size of the COLA to decline as the rate of price growth slowed.

“This adjustment means older Americans will get the help they need to better afford essentials from groceries to gas,” Jo Ann Jenkins, CEO of AARP, said in a statement. “Inflation has taken a financial toll over the past year, especially among retirees, who often rely on Social Security as a major source of income. Even with this adjustment, we know that many older Americans who rely on Social Security will find it difficult to pay their bills. .”

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