It is not possible for everyone to get the same amount of money because of this. Someone might get a small check, while someone else might get a big one. People who are retired get about $1,920 a month on average as of August 2024.
If you filed when you were 62, the most you can get is $2,710. People who applied for retirement benefits at the Full Retirement Age of 66 in 2024 can get up to $3,822. You can get a check for up to $4,873 if you file at age 70.
SSI and Social Security on November 3
There are 3 different groups of recipients who will take advantage of theĀ November 1 payment:
- All eligible recipients of the SSI program
- SSDIĀ or retirement recipients who are also receiving SSI
- Retirees or SSDI recipients who started collecting payments before May 1997
You will get paid three more times if you don’t qualify for the November 1 payment date. If you started getting direct withdrawals or checks after April 30, 1997, and your birthday is between 1 and 10, your payment will be sent on November 13.
November 20 if you were born between November 11 and November 20, and November 27 if you were born between November 21 and November 31.
Will SSI and Social Security recipients get the same payment amounts?
No, it probably won’t get the same amount of money because SSI is a boost for people with low incomes. One example is that the average SSI salary for everyone is $698.
As of August 2024, retirees can get a payment of about $1,920 a month. But people who get SSDI can only get about $1,539 a month on average. That means that retirees will get the most money on November 1, 2024.
People aged 65 and up who get SSI can get an average of $575. People between the ages of 18 and 64 who get Supplemental Security Income can get an average of $744. So, your age does affect the amount of money you get because it can mean whether you get retirement benefits or not.
A person under 18 years old will get the most in Supplemental Security Income on average. In general, they can get about $820. Still, people who retired at age 70 will get the biggest payment, which is a straight payment of up to $4,873.
