Here is all you need to know about April’s Social Security payments.
How is it financed?
Social Security is financed by a payroll tax paid by employers and employees.
Trending: Pastor Who Tried to Murder Family Breaks Down in Court – Reads Entirety of Psalm 51
Social Security payment amounts are set to shrink unless Congress takes action to prevent it. Analysts estimate the Social Security Administration will no longer be able to give out full payments to recipients as early as 2034 due to a rising number of retirees and a shrinking number of workers.
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.
Retirees born on or before the 10th of
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!