Social Security Update: Payment of up to $5,181 Going Out This Week
Summary
Millions of Americans who get Social Security benefits will receive payments this week, based on their birth date. The amount each person gets depends on their work history, age when they start benefits, and other factors.Key Facts
- Over 70 million people in the U.S. receive Social Security benefits, including retirees and disabled workers.
- Payments are sent out on different days: May 13 for those born 1st–10th, May 20 for 11th–20th, and May 27 for 21st–31st.
- The highest possible monthly benefit for someone retiring at age 70 in 2026 is about $5,181.
- The average Social Security retirement benefit is about $2,026 per month.
- Amounts vary based on lifetime earnings, when a person starts benefits, and Social Security credits earned.
- Many recipients worry that rising prices due to tariffs may outpace the cost-of-living increases in Social Security.
- Around 61% of recipients say they cannot afford to miss even half a monthly payment.
- More than half have cut back on nonessential expenses, and almost one-third have reduced spending on necessities like groceries and medication.
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