Social Security Payments Increase with Second February Round

Eligible retirees to receive up to $4,873 in the second of three February Social Security payments, reflecting a 3.2% increase from last year.

The second wave of February Social Security payments, up to $4,873 for those retiring at 70, will be distributed on Feb. 21.
Payments are part of the annual cost-of-living adjustment, marking a 3.2% increase over last year's amounts.
Maximum monthly benefit for 2024 is $4,873 for individuals delaying benefits until age 70, with variations based on retirement age and earnings.
Social Security's sustainability is in question, with estimates indicating potential payment shortfalls in ten years without Congressional action.
Eligibility and benefit amounts can be estimated using the Social Security Administration's online calculator.