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Several Social Security recipients will receive their regular monthly payment worth an average of $1,546 per check on Wednesday.
Those born from the first through the 10th of their birth months will receive their regular payments on Wednesday, according to the Social Security Administration. Recipients with birth dates after the 10th will receive their checks later in the month.
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The regular Social Security benefit payments range from $377.35 to $1,672, depending on the recipient’s status.
Depending on their income level, retired workers can earn payments as high as $1,672 a month. Nondisabled widows or widowers can receive as much as $1,564 in survivor benefits, according to the administration.
The regular Social Security payment differs from other payments from the administration, such as disability insurance or Supplemental Security Income, with the latter set to be next paid out on Nov. 1.
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Regular Social Security payments are based on earnings throughout a person’s lifetime and have no limits based on income or resources.
Some analysts are estimating that Social Security insolvency may occur as early as 2034 unless Congress takes action.
