Sat Nov 02 05:20:00 UTC 2024: ## Social Security Beneficiaries to Receive Payments This Month, COLA Increase Coming in January

**Washington, D.C.** – Millions of Social Security beneficiaries will receive their monthly payments this November, with payments hitting accounts in the coming hours. This includes recipients of retirement, survivor, and disability insurance (RSDI) who claimed benefits before May 1997 and Supplemental Security Income (SSI) recipients.

The Social Security Administration (SSA) issues over 70 million payments each month, with a designated payment schedule in place. Retirees, survivors, disabled individuals, and SSI recipients will receive their benefits according to the schedule. Additionally, SSI beneficiaries will receive an extra payment on November 29th due to the first of December falling on a weekend.

While most retirees receive an average payment of $1,900 per month, individual amounts vary based on factors like work history, Social Security contributions over the past 35 years, and full retirement age.

Looking ahead, the SSA announced a 2.5% cost of living adjustment (COLA) for 2024, meaning beneficiaries will see an increase to their payments starting in January. This increase, while not as large as some hoped, will still impact over 70 million beneficiaries.

For more information about your specific payment amount, visit your My Social Security Account online. This platform allows beneficiaries to download financial statements and even request a new Social Security card.

**Important Note:** If your Social Security payment is delayed, wait at least three mailing days before contacting customer service.

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