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

The second of March’s three Social Security payments, worth up to $4,873 for the biggest income earners who retire at 70, went out to the second group of retirees on Wednesday.

The payment went to beneficiaries born on or between the 11th and 20th of the month, according to the Social Security Administration’s calendar. 

Every recipient gets one paycheck, but the week they get the money is determined by the day of the month they were born. 

For example, people born on or after the 20th of the month will receive their payments on March 27, while those born on or before the 10th of the month received theirs on Wednesday, March 13. 

The maximum amount retirees can receive depends on certain factors, such as their age at the time of retirement,
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