$4,555 in 3 days! Social Security Payday Arrives for Million

The second round of December Social Security payments, totaling up to $4,555, is set for distribution in three days.

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Recipients born on the 11th or 20th of the month will receive payments.

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Third and final payment on December 27th for those born 21st and later.

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Maximum payment for 70-year-old retirees: $4,555 per month.

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Payment amount depends on age, contribution history, and overall factors.

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Maximum monthly amounts: $2,572 for those retiring at 62, $4,555 for those retiring at 70, and $3,627 for those retiring at 67

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Actual received amounts differ; beneficiaries can calculate personalized estimates using the SSA's calculator.

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January's payments are anticipated to increase by 3.2% due to annual adjustments for inflation across all Social Security payouts.

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Concerns arise regarding a projected decrease in payments by 2034 due to an imbalance between retirees and contributing workers

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This imbalance could result in the inability to sustain full payments to recipients, necessitating congressional intervention.

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