Now that people receiving Social Security know they will receive more money in 2024, the next thing to figure out is when that money will actually appear. The Social Security Administration recently shared the payment schedule for 2024 and it is following the same routine as always.
In October 2023, the SSA announced a 3.2% increase in the cost of living for 2024. This means that the monthly averages for each type of Social Security benefit saw a 3.2% increase starting in January 2023. 2024.
Here’s a breakdown of exactly how much each type of Social Security benefit increased from 2023 to 2024 thanks to the 3.2% COLA:
- The maximum monthly Social Security Disability Insurance (SSDI) benefit payment increased by $195 to $3,822 for eligible individuals in 2024.
- The maximum monthly Supplemental Security Income (SSI) benefit payment increased by $29 to $943 for eligible individuals, and increased $44 to $1,415 for eligible couples in 2024.
- The average monthly survivor benefit increased approximately $47 to $1,505 in 2024.
- The average monthly retirement benefit increased by $57.39, based on the average of $1,793.51 in September 2023.
Although the 3.2% increase was much smaller than the 8.7% we saw for 2023, it is still higher than the 2.6% average of the last two decades.
Here’s how the 2024 payment schedule works, especially for those receiving Supplemental Security Income (SSI): SSI recipients receive two payments in March, June, September and December. They will not receive money in January, April, July and October. The remaining months (February, May, August and November) will have a single payment.
These are the important dates to remember to receive payments in 2024:
January 2024
- Friday, December 29, 2023*: SSI recipients receive their January 2024 checks.
- Wednesday, January 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, January 10: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their January 2024 payment.
- Wednesday, January 17: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their January 2024 payment.
- Wednesday, January 24: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their January 2024 payment.
*Note: Since SSA sends SSI checks on the 1st of each month and January 1, 2024 was a holiday, SSA sent January 2024 SSI payments on December 29, 2023.
Other readings: Social Security payment schedule: Exactly when to expect your checks in January 2024
February 2024
- Thursday, February 1: SSI recipients receive their checks.
- Friday, February 2: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, February 14: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their February 2024 payment.
- Wednesday, February 21: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their February 2024 payment.
- Wednesday, February 28: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their February 2024 payment.
Other readings: Social Security payment schedule: Exactly when to expect your checks in February 2024
March 2024
- Friday March 1: Both SSI recipients and Social Security recipients who applied for benefits before May 1997 receive their checks.
- Wednesday March 13th: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their March 2024 payment.
- Wednesday 20 March: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their March 2024 payment.
- Wednesday March 27: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their March 2024 payment.
April 2024
- Monday April 1: SSI recipients receive their checks.
- Wednesday, April 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, April 10: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their April 2024 payment.
- Wednesday, April 17: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their April 2024 payment.
- Wednesday, April 24: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their April 2024 payment.
May 2024
- Wednesday, May 1st: SSI recipients receive their checks.
- Friday, May 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, May 8: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their May 2024 payment.
- Wednesday, May 15: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their May 2024 payment.
- Wednesday, May 22: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their May 2024 payment.
June 2024
- Friday, May 31*: SSI recipients receive their June 2024 checks.
- Monday June 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday June 12: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their June 2024 payment.
- Tuesday June 18: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their June 2024 payment. These payments are sent on a Tuesday because Wednesday, June 19, 2024 is the June 16 holiday..
- Wednesday June 26: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their June 2024 payment.
*Note: Since the SSA sends SSI checks on the 1st of each month and June 1, 2024 falls on a Saturday, the SSA will send the June 2024 SSI payments on the business day closest to June 1, which is the Friday, May 31. 2024.
July 2024
- Monday July 1: SSI recipients receive their checks.
- Wednesday, July 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, July 10: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their July 2024 payment.
- Wednesday, July 17: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their July 2024 payment.
- Wednesday, July 24: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their July 2024 payment.
August 2024
- Thursday August 1: SSI recipients receive their checks.
- Friday 2nd of August: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, August 14: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their August 2024 payment.
- Wednesday, August 21st: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their August 2024 payment.
- Wednesday, August 28: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their August 2024 payment.
September 2024
- Friday, August 30*: SSI recipients receive their checks.
- Tuesday, September 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, September, 11th: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their September 2024 payment.
- Wednesday, September 18: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their September 2024 payment.
- Wednesday, September 25: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their September 2024 payment.
*Note: Since the SSA sends SSI checks on the 1st of each month and September 1, 2024 falls on a Sunday, the SSA will send the September 2024 SSI payments on the business day closest to September 1, which is the Friday, August 30. 2024.
October 2024
- Tuesday, October 1: SSI recipients receive their checks.
- Thursday, October 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday, October 9: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their October 2024 payment.
- Wednesday, October 16: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their October 2024 payment.
- Wednesday, October 23: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their October 2024 payment.
November 2024
- Friday, 1 November: SSI recipients and Social Security recipients who applied for benefits before May 1997 receive their checks.
- Wednesday, November 13th: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their November 2024 payment.
- Wednesday November 20th: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their November 2024 payment.
- Wednesday, November 27: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their November 2024 payment.
December 2024
- Friday, November 29*: SSI recipients receive their November 2024 checks.
- Tuesday, December 3: Social Security beneficiaries who applied for benefits before May 1997 receive their checks.
- Wednesday December 11th: Social Security beneficiaries whose date of birth falls between the 1st and 10th of their birth month receive their December 2024 payment.
- Wednesday, December 18: Social Security beneficiaries whose date of birth falls between the 11th and 20th of their birth month receive their December 2024 payment.
- Tuesday, December 24: Social Security beneficiaries whose date of birth falls between the 21st and 31st of their birth month receive their December 2024 payment.
- Tuesday, December 31**: SSI recipients will receive their January 2025 checks.
*Note: Since SSA sends SSI checks on the 1st of each month and December 1, 2024 falls on a Sunday, SSA will send SSI payments for December 2024 on the business day closest to December 1, which is the Friday, November 29. 2024.
**Note: Since SSA sends SSI checks on the 1st of each month and January 1, 2025 is a holiday, SSA will send January 2025 SSI payments on Tuesday, December 31, 2024.
