Social Security update: Third round of January payments worth $4,873 goes out in one day

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

Retired seniors born on or after the 21st of a month can expect their first payment of 2024 to arrive in one day, on Wednesday, Jan. 24. Retirees born on or between the 1st and 20th of a month should have received their payments in an earlier disbursement.

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. But the age at which recipients retire is the biggest factor in the amount a person can
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