Seniors will begin receiving their Social Security checks in four days, with payments as high as $4,194.
According to the Social Security Administration, selected recipients will typically receive payments of about $1,657,
but checks could theoretically be as high as $4,194 depending on one's status.
The checks for December 21 will be sent to beneficiaries born on the 11th through the 20th of a month.
Payments are made in three instalments each month.
According to the Social Security Administration,
you can start receiving Social Security retirement benefits as early as age 62.
Starting in January of next year, retirees will likely see an increase in their monthly benefits of $140 to $1,827.
There are reportedly 70 million Social Security beneficiaries.
The significant payment increase is a reaction to the nation's raging inflation.
Social Security benefits are different from other SSA payments,
like Supplemental Security Income and disability insurance, which will be distributed on December 30.