The second round of Social Security payments for November is set to be issued on November 18 for retirees born between the 11th and 20th of the month. The maximum payment amount is capped at $5,181 for those who retire at age 70. Citizens can start receiving benefits at age 62, with varying amounts based on retirement age. Concerns have been raised about the sustainability of the Social Security fund, which may run out by 2032 without congressional intervention.
Key facts
- Second round of payments will be issued on November 18.
- Maximum payment for retirees at age 70 is $5,181.
- Citizens can begin receiving payments at age 62.
- Full retirement age is 67 for those born in 1960 or later.
- Social Security fund may deplete by 2032.
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