Social Security Disbursements for May Reach Nearly 200,000 New Recipients

The second round of May payments, up to $4,873 for some retirees, will be issued this week as the number of beneficiaries continues to grow.

The Social Security Administration will send the second of three May payments on Wednesday, May 15.
Payments this month can reach up to $4,873 for those retiring at age 70.
Around 72.23 million Americans received Social Security benefits in April, an increase of nearly 200,000 from March.
The average monthly Social Security retirement benefit for 2024 is approximately $1,907.
Concerns about the future of Social Security funding persist, with potential reductions in benefits by 2033 without legislative action.