{"id":2289783,"date":"2024-07-06T06:09:01","date_gmt":"2024-07-06T10:09:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-update-first-round-of-july-payments-worth-4873-to-go-out-in-four-days-washington-examiner\/"},"modified":"2024-07-06T06:11:52","modified_gmt":"2024-07-06T10:11:52","slug":"social-security-update-first-round-of-july-payments-worth-4873-to-go-out-in-four-days-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-update-first-round-of-july-payments-worth-4873-to-go-out-in-four-days-washington-examiner\/","title":{"rendered":"Social Security update: First round of July payments worth $4,873 to go out in four days &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsocial-security-update-first-round-of-july-payments-worth-4873-to-go-out-in-four-days-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2289783&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the first round of Social Security payments\u200c for July, with the highest income\u200d earners set to receive up to $4,873 \u200bin four days. It explains \u200dthat Social Security \u200dpayments\u2064 are monthly checks given \u200bto retirees to replace their incomes once they <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/councilman-in-wealthy-chicago-suburb-asks-affluent-residents-to-take-illegal-immigrants-into-homes\/\" title=\"Chicago suburb councilman requests wealthy residents to house illegal immigrants\">stop \u200cworking<\/a>. The article \u2064also details when the checks typically arrive and explains\u200c how recipients\u2064 can\u200d maximize their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lawsuit-google-and-apple-conspire-to-maintain-stranglehold-on-search-market\/\" title=\"Lawsuit: Google and Apple Conspire to Maintain Stranglehold on Search Market\">payments based<\/a> on factors such as age\u2064 of\u200c retirement and amount \u2062paid \u200binto the program.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\">\n<div class=\"tdb-search-form-inner\"><input class=\"tdb-head-search-form-input\" placeholder=\" \" type=\"text\" value name=\"s\" autocomplete=\"off\"><button class=\"wpb_button wpb_btn-inverse btn tdb-head-search-form-btn\" title=\"Search\" type=\"submit\"><span>Search<\/span><\/button><\/div>\n<\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Social Security update: First round of July payments worth $4,873 to go out in four days<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-author-name-wrap\"><span class=\"tdb-author-by\">By<\/span> <a class=\"tdb-author-name\" href=\"https:\/\/www.washingtonexaminer.com\/author\/rokeefe\/\">Ross O&#8217;Keefe<\/a><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><time class=\"entry-date updated td-module-date\" datetime=\"2024-07-06T06:00:00-04:00\">July 6, 2024 6:00 am<\/time><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1694520\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The first round of July\u2019s <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/social-security\" target=\"_blank\" rel=\"noreferrer noopener\">Social Security<\/a> payments, worth up to $4,873 for <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/money\" target=\"_blank\" rel=\"noreferrer noopener\">the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-update-first-round-of-aprils-payments-worth-4873-goes-out-in-four-days\/\" title=\"Social Security Alert: Initial April payments totaling ,873 to be distributed in 4 days!\">highest-income earners<\/a><\/a> who retire at 70, will go out\u00a0in four days.<\/p>\n<p>Here is everything to know about this month\u2019s Social Security payments.<\/p>\n<h2 class=\"wp-block-heading\">What is it?<\/h2>\n<p>Social Security payments are monthly checks given to retirees to reduce or replace their incomes once they stop working.<\/p>\n<p>The Social Security Administration, which manages the payments, was created with a law signed by President Franklin D. Roosevelt in September 1935.<\/p>\n<h2 class=\"wp-block-heading\">When does the check arrive?<\/h2>\n<p>Social Security payments typically <a href=\"https:\/\/www.ssa.gov\/pubs\/EN-05-10031-2024.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">begin<\/a> on the second Wednesday of every month, and checks are sent out on the following Wednesdays. The distribution of payments depends on which day of the month a retiree was born.<\/p>\n<p>Retirees born between the 1st and 10th of a month will receive their payment on July 10. Beneficiaries born between the 11th and 20th of a month will get their checks on July 17, and retirees born on or after the 21st of a month will receive their payments on July 24.<\/p>\n<h2 class=\"wp-block-heading\">How can I maximize my check?<\/h2>\n<p>The age of recipients at the time of retirement, the amount paid into Social Security, and how long they paid into the program all affect the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ellen-degeneres-reportedly-paying-staff-2-million-in-bonuses-before-shows-finale\/\" title=\"Ellen DeGeneres Reportedly Paying Staff  Million In Bonuses Before Show\u2019s Finale\">maximum payment<\/a> someone receives.<\/p>\n<p>Beneficiaries can see a personalized estimate of what they can expect each month <a href=\"https:\/\/www.ssa.gov\/benefits\/retirement\/planner\/AnypiaApplet.html\" target=\"_blank\" rel=\"noreferrer noopener\">through<\/a> the SSA\u2019s calculator.<\/p>\n<p>Payments largely depend on the age at which recipients choose to retire. Retiring at the minimum eligible age of 62 means recipients will receive roughly $2,710 per month, while delaying to 70 can allot up to $4,873 per month, <a href=\"https:\/\/faq.ssa.gov\/en-US\/Topic\/article\/KA-01897\" target=\"_blank\" rel=\"noreferrer noopener\">according to<\/a> the SSA.<\/p>\n<h2 class=\"wp-block-heading\">When am I eligible?<\/h2>\n<p>The earliest one can begin receiving Social Security payments is 62 years old.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<h2 class=\"wp-block-heading\">How is it financed?<\/h2>\n<p>Social Security is financed by a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oregon-task-force-aiming-to-roll-out-universal-healthcare-plan-in-2026\/\" title=\"Oregon Task Force Aiming to Roll Out Universal Healthcare Plan In 2026\">payroll tax paid<\/a> by employers and employees.<\/p>\n<p>Social Security payment amounts are set to shrink unless Congress takes action to prevent it. Analysts <a href=\"https:\/\/www.crfb.org\/projects\/trust-fund-solutions\" target=\"_blank\" rel=\"noreferrer noopener\">estimate<\/a> that the SSA will no longer be able to give out full payments to recipients as early as 2034 due to a rising number of retirees and a shrinking number of workers.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1694520\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1694520\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<p><\/body><\/html><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first batch of Social Security payments for July, which can be as high as $4,873 for those who retire at 70 and have high incomes, will be sent out in four days. This article provides information on Social Security payments, including when they are distributed, how to maximize payments, eligibility requirements, and how the program is financed<\/p>\n","protected":false},"author":1,"featured_media":2289784,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/social-security-card.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[33286,5398,33104,5002,32076],"class_list":["post-2289783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-july-payments","tag-payments","tag-social-security","tag-update","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/social-security-card.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2289783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2289783"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2289783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2289784"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2289783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2289783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2289783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}