Social Security update: Second round of May payments worth $4,873 go out in two days

Social Security update: Second round of May payments worth $4,873 go out in two days


The second of May’s three Social Security payments, worth up to $4,873 for the highest income earners who retire at 70, will go out to the next group of retirees in two days.

Here is everything to know about this month’s Social Security payments.

What is it?

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Social Security retirement payments are monthly checks given to retirees, meant to reduce or replace their income once they stop working. The Social Security Administration, which manages the payments, was created with a law signed by President Franklin D. Roosevelt in September 1935.

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 the day of the month that one was

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