Social Security Payments Up to $4,873 Begin Distribution Today

Millions of Americans to receive monthly benefits, with amounts varying based on retirement age and income history.

Payments are distributed based on recipients' birth dates, starting from September 3.
The maximum monthly benefit for those retiring at age 70 is $4,873.
Social Security benefits replace about 40% of pre-retirement income on average.
Recipients are advised to wait three working days before contacting SSA if payments are delayed.
The Social Security program is funded by payroll taxes from employers and employees.