Social Security update: First round of August payments worth $4,873 to go out in 17 days

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Retirees born between the 1st and 10th of the month can expect to receive their Social Security check in their hands by Aug. 14.

The highest amount possible to receive is $4,873, reserved for the highest-income earners who retired at 70. However, a person is eligible to begin receiving payments when they turn 62, but one would only be eligible for up to $2,710.

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