HomePersonal FinanceThanksgiving is Almost Here: Will Social Security be Impacted?

Thanksgiving is Almost Here: Will Social Security be Impacted?

Payments are not typically distributed on federal holidays, which means the Thanksgiving holiday on Thursday could potentially affect benefit payments. 

However, since Thanksgiving falls on a Thursday, Social Security will not be impacted. 

GoBankingRates reports, the impact of the holiday on other benefits will depend on when you claimed benefits and where you live.

Read more: Boost Your Social Security Benefits! Here’s How

Food stamps and Supplemental Nutrition Assistance Program benefits will typically be deposited on the same day each month in most states, regardless of whether or not it falls on a weekend or a holiday. But other states may delay if it falls on a federal holiday. 

The Social Security Administration has also released the schedule of Social Security payments for 2022. These payments will be the first to include the new 5.9% cost-of-living adjustment (COLA).

If your birth date is on the 1st of the month through the 10th of the month, your benefits will be paid on the second Wednesday of the month.

Read more: Why are You Not Receiving Social Security Benefits? These May Be The Reasons

For January’s first payment, this means benefits will be paid on January 12, 2022.

If your birth date is on the 11th of the month through the 20th of the month, benefits will be paid on the third Wednesday of each month. For January’s first payment, this lands on January 19,2022.

If your birth date is on the 21st of the month through the 31st of the month, benefits will be paid on the fourth Wednesday of each month. For January’s first payment, this equates to a benefit payment on Jan. 26, 2022.

For example Social Security offices are closed on Thanksgiving, and in New Hampshire, on Black Friday as well.

Read more: Social Security: Average Senior Couple to Get Increased COLA Payment in 2022

This means that if you were to apply for benefits or file a claim during the holiday weekend, they would not be processed until Monday evening, with payments issued Tuesday morning. 

When unemployment benefits are paid also depend on states. In New Hampshire, the Employment Security office is also closed on Black Friday. 

Read more: This Year will see the Biggest Changes to Social Security in 4 Decades!

The best thing to do is contact your state directly to determine when and how you’ll be paid, and to make sure you understand when and how your payment will be deposited.

Stay updated on more news here at the East County Gazette. 

Celine German Lagundihttps://theeastcountygazette.com/
Celine is an experienced news writer, artist, and advocate based in Cebu. She is passionate about pop culture and current affairs.
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