Will You Get an Extra Social Security Payment Next Week? Find Out Which Americans Are Eligible!

As the end of the month is approaching, so is the end of the year. This means that the Social Security payment calendar is also ending. This is not bad news, however, because this end of the calendar means the beginning of a new calendar. And the new calendar indicates more payments for Social Security beneficiaries.

Increase in Social Security Payment

Like every year, along with the new calendar, Social Security payments will also see an increase under COLA (Cost of Living Adjustment). From January 2025, we can see an increase in all types of Social Security benefits. This means that not only pension checks, but also other Social Security payments such as Supplemental Security Income (SSI) and disability payments will also increase.

This change can prove to be very beneficial for pensioners, as it will help them cope with the ever-increasing inflation.

Which Americans will get additional Social Security payments next week?

Only one group of Americans will get additional Social Security checks next week. It is important to understand that pension benefits, whether based on age or disability, are divided into four different mailings. Each mailing is for a particular type of retired beneficiary.

If you meet certain conditions, you may be eligible for this payment. If you want to receive this payment next week, i.e., in the last week of December, the following conditions must be met:

• Social Security must have been received after 1997.
• Your birthday should be between the 21st and 31st of any month.

Apart from this, there are no other mandatory conditions to send the check to the administration. The Social Security payment will be made on December 24, 2024, which is the fourth Wednesday of December. So if you have not received your check yet and you fall into this category, you can get it in just a few hours.

The way you can get payment as soon as possible

If you want to receive payment quickly, activating direct deposit can be a good option. This is the fastest method of payment, and through this you receive all the benefits immediately.

One more check before the end of 2024

Although December 24 is the last payment day for pensioners in the 2024 calendar, there is also an additional check, which can get some Social Security beneficiaries up to $943 more. This check is only for those Supplemental Security Income (SSI) recipients who meet a condition.

If you have activated direct deposit, not only will you get your retirement pension immediately, but you can also get an SSI check early. This is possible because SSI payments should have been made on January 1, but since this day is a holiday, the administration has decided to send it earlier.

The maximum amount under this payment will be $967 instead of $943. This amount has been increased according to the 2024 COLA; that is, it will increase by 3.2%. This payment will be made on December 31, 2024.

Expiration

Later this year is a crucial time for Social Security beneficiaries. Not only will retirement checks increase, but there will also be additional payments and faster-processed checks. If you are an eligible beneficiary, make sure you have activated direct deposit so you can get payments sooner and improve your financial situation.

This change can be a big help to pensioners and SSI recipients, allowing them to maintain their standard of living amid inflation.

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