Here is all you need to know about May’s Social Security payments.
When does the check arrive?
Social Security payments typically begin on the second Wednesday of every month, and the following waves go out in the subsequent weeks. The distribution of payments depends on which day of the month a retiree was born.
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Retirees born between the first and 10th of a month received their payments on May 14. Beneficiaries born between the 11th and 20th of any month received their checks on May 21, and those born between the 21st and 31st of any month will receive their benefits on Wednesday, May 28.
How is it financed?
Social Security is financed by a payroll tax paid by employers and employees.
How can I maximize my
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