2nd Social Security Payment: Who gets their payment today?

Social Security payments are provided by the Social Security Administration (SSA) in the United States to eligible individuals, offering financial assistance to retirees, disabled individuals, and survivors of deceased workers.

Funding for Social Security payments comes from payroll taxes contributed by workers and their employers, ensuring a regular distribution of benefits.

The amount of a person’s Social Security payment depends on various factors, such as their earnings history, the age at which they begin receiving benefits, and whether they are receiving retirement or disability benefits.

The payment amount is determined through a formula that considers the individual’s average lifetime earnings and their age when they start receiving benefits.

2nd Social Security Payment: Who gets their payment today?

On May 17th, individuals who fall within certain birth date ranges will receive their Social Security payment. The payment schedule is based on the recipient’s birth date and the day of the month they began receiving benefits.

If the recipient was born between the 1st and the 10th of the month, their payment is typically issued on the second Wednesday of each month. For those born between the 11th and the 20th, payments are usually made on the third Wednesday. Recipients born after the 20th can expect their payment on the fourth Wednesday.

Therefore, on Tuesday, May 17th, Social Security will distribute payments to eligible recipients whose birth dates fall between the 11th and the 20th of any month.

“There are exceptions,” reads the official Social Security website.

“For example, children and spouses who receive benefits based on someone else’s work record will be paid on the same day as the primary beneficiary.”

To determine the specific payment date, individuals can access their my Social Security online account, where the “Benefits & Payments” section provides accurate information regarding their payments.