Social Security update: First round of direct payments worth up to $4,555 arrives in 13 days

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The first round of Social Security payments, worth up to $4,555, will be sent out to millions in 13 days. The Social Security Administration sends out payments on the second, third, and fourth Wednesdays of each month.

The first round of payments will be released on Nov. 8, and they will be for those born between the first and 10th of their birth month. The second payment will be released Nov. 15 to people born between the 11th and 20th of a month. The last group, born on or after the 21st, receives theirs on Nov. 22.

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The amount of money varies based on the age at which an individual retired and has no income guidelines. For example, those who retire at 62, the youngest age to possibly receive payments, can get up to $2,572 per month, while those who retired at 70 can receive up to $4,555…

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