The second round of July Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, goes out to recipients on Wednesday.
Social Security payments usually begin on the second Wednesday of every month, and the following waves go out in the subsequent weeks. The distribution of payments is dependent on which day of the month a retiree was born.
Retirees born between the 11th and 20th will receive their checks on July 16. The first round of this month’s payments went out on Wednesday to beneficiaries born on or before the 10th of a month, while July’s final payment will go out on July 23 to those born on or after the 21st.
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