WashingtonExaminer

Social Security update: First round of August payments worth $4,873 to go out in 17 days

By Elaine Mallon,

1 day ago

Retirees born between the 1st and 10th of the month can expect to receive their Social Security check in their hands by Aug. 14.

The highest amount possible to receive is $4,873, reserved for the highest-income earners who retired at 70. However, a person is eligible to begin receiving payments when they turn 62, but one would only be eligible for up to $2,710.

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Funds begin to be distributed on the second Wednesday on the month, with subsequent payments being made over the following weeks. Beneficiaries born between the 11th and 20th of a month will receive their checks on Aug. 21, and retirees born on or after the 21st of a month will receive their payments on Aug. 28.

Payments in 2024 are adjusted by 3.2% from 2023 to reflect cost-of-living increases due to inflation.

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