Final June Social Security Payments of Up to $4,873 Distributed This Week
The last batch of June's Social Security checks will be sent to retirees born after the 21st, with maximum benefits for those who delayed retirement to age 70.
- Payments are scheduled for Wednesday, June 26, for retirees born between the 21st and 31st of any month.
- The highest possible monthly benefit of $4,873 is available to those who retire at age 70.
- Social Security benefits have increased by 3.2% this year due to the Cost of Living Adjustment (COLA).
- The Social Security Administration anticipates paying out around $1.5 trillion in benefits throughout 2024.
- Analysts warn that without legislative action, full Social Security payments may not be sustainable beyond 2034.