The upcoming December 11, 2024, will be a key date for Social Security beneficiaries in the United States. This marks the final payment of the year 2024 for individuals born between the 1st and 10th of any month, including retirees and those receiving disability benefits. This check will not yet reflect the 2.5% COLA increase, as the adjustment will only take effect with the first payment in January 2025.
This final payment of the year wraps up the official Social Security distribution calendar for this group of beneficiaries, offering an opportunity to plan year-end expenses and prepare for the changes to payments in the upcoming year.
Requirements to receive the December 11 payment
To be eligible for the December 11, 2024 payment, beneficiaries must meet the following criteria:
- Be enrolled in the Social Security retirement or disability program.
- Be born between the 1st and 10th of any month.
The Social Security Administration schedules payments based on beneficiaries’ birth dates. Those whose birthdays fall outside this range will have already received their payments on earlier dates. Staying informed about payment dates is essential for managing income effectively and avoiding budget issues.
If the payment is not received on the scheduled date, beneficiaries should promptly contact Social Security to report the issue and follow the established procedures for resolving delays or errors.
Social Security Planning for the end of 2024 and the start of 2025
While the December 11 payment will not include the 2.5% COLA increase, it serves as a critical moment for beneficiaries to review their finances and prepare for the adjustments in the new year. Below is an overview of how payments will evolve from 2024 to 2025:
| Category | Maximum Payment in 2024 | Projected Maximum Payment in 2025 |
|---|---|---|
| Retirement or Disability | $3,822 per month | $4,018 per month |
The first check reflecting the COLA increase will arrive in January 2025, ensuring payments align with the current cost of living. Until then, the December 11 payment remains vital for those relying on Social Security benefits to cover essential needs.
Staying informed about payment schedules and upcoming changes in the Social Security program is crucial for effective financial planning and ensuring economic stability as the year comes to an end.
