Social Security Benefits for October 2024: Critical Payment Dates and Adjustments

Wednesday, 18 September 2024, 03:51

Social Security payments this October 2024 are vital for millions of Americans relying on benefits. Discover crucial dates for retirement, disability, and SSI payouts. Stay informed on how these payments and future increases impact your financial planning.
Newsweek
Social Security Benefits for October 2024: Critical Payment Dates and Adjustments

Social Security Payments in October 2024

Social Security payments are a lifeline for many, offering crucial assistance to retirees, disabled individuals, and survivors. Below are essential payment dates that beneficiaries should note this October 2024:

  • October 1: SSI payments are distributed.
  • October 3: Payments for individuals claiming since before May 1997.
  • October 9: Payments for birthdays from the 1st to the 10th.
  • October 16: Payments for birthdays from the 11th to the 20th.
  • October 23: Payments for birthdays from the 21st to the 31st.

Additionally, anticipate the announcement on the beneficial Cost of Living Adjustment (COLA) on October 10, which affects all SSA-administered programs. This adjustment is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the third quarter of the year.

For ongoing updates on Social Security and its impact on financial stability and retirement plans, consult trusted sources.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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