The final round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, goes out Wednesday.
Social Security payments usually begin on the second Wednesday of every month, and the following waves go out weekly. The distribution of payments depends on which day of the month a retiree was born.
Retirees born on or after the 21st will receive the third-round payment.
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The first round of this month’s payments went out on July 9 to beneficiaries born on or before the 10th of a month, while the second payment went out on July 16 to those born between the 11th and the 20th.
When am I eligible?
Citizens are eligible for Social Security payments beginning at 62 years
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