Social Secu­ri­ty update: First round of July pay­ments worth $4,873 to go out in four days

The first round of July’s Social Secu­ri­ty pay­ments, worth up to $4,873 for the high­est-income earn­ers who retire at 70, will go out in four days.
Here is every­thing to know about this month’s Social Secu­ri­ty pay­ments.
What is it?
Social Secu­ri­ty pay­ments are month­ly checks giv­en to retirees to reduce or replace their incomes once they stop work­ing.
The Social Secu­ri­ty Admin­is­tra­tion, which man­ages the pay­ments, was cre­at­ed with a law signed by Pres­i­dent Franklin D. Roo­sevelt in Sep­tem­ber 1935.
When does the check arrive?
Social Secu­ri­ty pay­ments typ­i­cal­ly begin on the sec­ond Wednes­day of every month, and checks are sent out on the fol­low­ing Wednes­days. The dis­tri­b­u­tion of pay­ments depends on which day of the month a re …