Second Round of August Social Security Payments Set for Distribution

Eligible retirees with mid-month birthdays will receive up to $4,873 on August 21.

Retirees born between the 11th and 20th of any month will receive their Social Security checks this Wednesday.
The maximum payment of $4,873 per month is reserved for those who delay retirement until age 70.
Those who retire at 62 receive a maximum of $2,710 per month.
Payment amounts depend on age, earnings, and duration of contributions to the system.
Full Social Security payments are projected to decrease by 2034 unless Congress intervenes.