{"id":2326595,"date":"2024-08-19T06:12:02","date_gmt":"2024-08-19T10:12:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-update-second-round-of-august-payments-worth-4873-to-go-out-in-two-days-washington-examiner\/"},"modified":"2024-08-19T06:14:08","modified_gmt":"2024-08-19T10:14:08","slug":"social-security-update-second-round-of-august-payments-worth-4873-to-go-out-in-two-days-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-update-second-round-of-august-payments-worth-4873-to-go-out-in-two-days-washington-examiner\/","title":{"rendered":"Social Security update: Second round of August payments worth $4,873 to go out in two 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=\"float:left\"><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-second-round-of-august-payments-worth-4873-to-go-out-in-two-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=2326595&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>In a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/two-7-eleven-employees-under-investigation-after-thwarting-suspected-gun-strapped-thief-report\/\" title=\"Two 7-Eleven workers probed for stopping armed thief: Report.\">recent \u2064update<\/a> regarding Social Security, a second round of payments for August, amounting to as much as $4,873 for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-joe-manchin-meeting-with-republicans-drafting-scaled-down-version-of-biden-infrastructure-bill\/\" title=\"Report: Joe Manchin Meeting With Republicans, Drafting \u2018Scaled Down\u2019 Version Of Biden Infrastructure Bill\">high-income earners<\/a> who retire at 70, is scheduled to\u200b be distributed to a second \u2062group of retirees on August 21. This follows \u2064the previous payment round for other recipients. The article appears to \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/28-different-sodas-and-drinks-recalled-mug-root-beer-fiji-water-and-powerade-among-the-pulled-items\/\" title=\"Recall Alert: 28 Beverages Including Mug Root Beer, Fiji Water, and Powerade\">provide important information<\/a> on Social Security\u200c payments and \u2062their impact on beneficiaries, particularly those nearing retirement \u200dage.  <\/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\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/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\"><\/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\/\"><\/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\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Social Security update: Second round of August payments worth $4,873 to go out in two days<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1731477\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The second round of August&rsquo;s&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/social-security\" target=\"_blank\" rel=\"noreferrer noopener\">Social Security<\/a>&nbsp;payments, worth up to $4,873 for&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/money\" target=\"_blank\" rel=\"noreferrer noopener\">the highest income earners<\/a>&nbsp;who retire at age 70, will go out to the second group of&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/retirement\" target=\"_blank\" rel=\"noreferrer noopener\">retirees<\/a>&nbsp;on&nbsp;Aug. 21.<\/p>\n<p>Retirees are eligible to begin receiving Social Security payments when they turn 62, but they will only receive a maximum amount of $2,710 per month while delaying retirement until age 70 can allot up to $4,873 per month.<\/p>\n<p>How much a person receives is dependent on age, the amount paid into the system, and for how long.<\/p>\n<p>The first round of Social Security payments typically are sent out the second Wednesday of every month with the next two rounds to follow on subsequent Wednesdays.<\/p>\n<p>This month, retirees born between the 1st and 10th of a month will receive their payments on Wednesday. Beneficiaries born between the 11th and 20th of a month receive their checks on Aug. 21, and retirees born on or after the 21st of a month receive their payments on Aug. 28.<\/p>\n<p><a href=\"http:\/\/washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><\/strong><\/a><\/p>\n<p>Social Security benefits have been around since 1935 when President Franklin D. Roosevelt signed a law creating the Social Security Administration to manage it.<\/p>\n<p>Social Security payment amounts are set to shrink unless Congress takes action to prevent it. Analysts&nbsp;estimate&nbsp;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 dwindling 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_1731477\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1731477\"}});<\/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\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>**Social Security Update: Upcoming August Payments of Up to $4,873**<\/p>\n<p>The second batch of Social Security payments for August, which can reach as high as $4,873 for top earners retiring at age 70, is scheduled to be distributed on August 21. While retirees can start receiving benefits at age 62, the maximum monthly payment at that age is $2,710. Delaying retirement until age 70 allows individuals to receive up to $4,873 per month. The amount a retiree receives depends on their age when they start collecting benefits and how much they have contributed over the years.<\/p>\n<p>Typically, Social Security payments are issued on the second Wednesday of each month with additional rounds following on subsequent Wednesdays. This month\u2019s schedule indicates that retirees born between the 1st and 10th will receive their payments this Wednesday; those born between the 11th and 20th will get theirs on August 21; and retirees born on or after the 21st will see their payments arrive on August 28.<\/p>\n<p>Established in 1935 under President Franklin D. Roosevelt&#8217;s administration, Social Security has been a crucial financial support system for many Americans. However, unless Congress intervenes soon, payment amounts may decrease due to an increasing number of retirees coupled with a declining workforce. Analysts predict that by as early as 2034, the Social Security Administration may struggle to provide full benefits to recipients<\/p>\n","protected":false},"author":2542,"featured_media":2326596,"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\/05\/iStock-1013347726.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[36436,36435,33104],"class_list":["post-2326595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-august-payments","tag-financial-news","tag-social-security"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-1013347726.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2326595","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\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2326595"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2326595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2326596"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2326595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2326595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2326595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}