Social Security payments are impacted by holiday schedules on days like Thanksgiving, Christmas, and New Year’s.
While the holidays may not always impact the payment dates, if they land on the same date they might change it.
Thanksgiving, Christmas, and New Year’s are all federally recognized holidays and have changed dates Social Security payments are scheduled to go out in the past.
What happens when Social Security payments land on a federal holiday
If a payment date also happens to be a federal holiday or weekend day, the payment will be sent the weekday before the holiday. If it lands on a Saturday or Sunday, it will go out the Friday before.
Social Security payments are always made on a Wednesday, so this year the holidays shouldn’t have an impact on payment dates.
Thanksgiving is on a Thursday, Christmas is on a Sunday, and New Year’s Day is on a Sunday.
Social Security retirement payments go out every second, third, and fourth Wednesday of the month. Which Wednesday your payment comes will depend on when your birthday lands.
For those with birthdays between the first and tenth of the month, payments will go out on the second Wednesday of the month. Those with birthdays between the 11th and 20th will see payments on the third Wednesday of the month. Finally, those with birthdays between the 21st and end of the month will see payments on the fourth Wednesday of the month.
Remaining Social Security payment dates
October
- Oct. 12
- Oct. 19
- Oct. 26
November
- Nov. 9
- Nov. 16
- Nov. 23
December
- Dec. 14
- Dec. 21
- Dec. 28
SSI payments usually happen on the first of every month, unless it lands on a holiday or weekend.
With Jan. 1, 2023 being a holiday, this means that Americans getting SSI can expect their payment for January the day before.
Payments will go out in 2021 as follows
- Nov. 1
- Dec. 1
- Dec. 30
Those receiving benefits through Social Security can soon expect a boost in their payments thanks to the COLA increase. The increase was announced this morning and it will be 8.7%, the highest since 1981.
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Samantha edits our personal finance and consumer news section. Have a question or lead? Send it to [email protected].