Social Security benefits: There’s an important change in payment schedule this month
Before June 1997, all Social Security benefits were paid on the third of the month.However, as the number of beneficiaries grew, the single-day payout method became unwieldy, prompting the Social Security Administration to spread distribution across four days each month.The majority of the schedule is straightforward. The second Wednesday of the month is for beneficiaries whose birthdays fall between the first and the 10th of the month.