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

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The second round of January Social Security payments, worth up to $4,873 for top earners who retire at 70, went out to the second group of retirees on Wednesday.

Retired seniors born between the 11th and 20th of a month should have received their first payment of 2024 on Jan. 17, and those born on or after the 21st of a month can expect their payments on Jan. 24. Those who were born on or before the 10th of the month should have received their checks last week.

The amount each person gets can vary based on the age of recipients at the time of retirement, the amount paid into Social Security, and the number of years paid into the program. However, the age
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