


The final round of Social Security payments for February will be disbursed to retirees in five days for those born between the 21st and 31st of a month.
Social Security payments are sent in three different waves to break up the payments, with each wave coinciding with the 10-day block of a month that the person was born in. For example, the first round of payments, worth up to $4,555, was released on Feb. 8 and went to people born between the 1st and 10th of the month.
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The second round was released on Wednesday and went to those born between the 11th and 20th, according to the Social Security Administration's calendar. This month's final round will be paid out on Feb. 22.
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The amount of money people receive is determined by their age of retirement. The payment increases the longer a person waits, with the cap being $4,555 for those who retire at 70. The maximum payment for those who retire at 62, the earliest age, is $2,572 individually.
The amount retirees receive in Social Security is subject to change, however, if Congress does not figure out how the program will avoid insolvency by around 2034. This is due to a rising number of retirees and a shrinking number of workers.