Social Security update: Second round of January payments worth $4,873 goes out in four days

The second round of January Social Security payments, worth up to $4,873 for top earners who retire at 70, will go out to the next group of retirees in four days.

Retired seniors born between the 11th and 20th of a month should receive their first payment of 2024 in five days, on Wednesday, Jan. 17. Those born on or after the 21st of a month will receive their payments on Jan. 24, while those who were born on or before the 10th of the month received theirs on Wednesday. 

Recipients should see a 3.2% increase in their checks for 2024 compared to their monthly payments in 2023. The boost is part of the annual cost-of-living adjustment, which was announced in October.

The age of recipients at the time of retirement, the amount paid into Social Security,
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