Social Security update: Direct payment up to $4,555 goes out to millions in 15 days

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Social Security update: Direct payment up to $4,555 goes out to millions in 15 days
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The first round of June's three Social Security payments, worth up to $4,555, will be sent out in over two weeks, according to the Social Security Administration's schedule.

The payment is scheduled to be released on June 14, the second Wednesday of June, and will be sent to people born between the first and 10th of the month. The payments are always sent out on the second, third, and fourth Wednesdays of each month.

The amount of money each recipient gets varies depending on his or her age at retirement. Recipients who retire at 62 get up to $2,572, those who retire at 67 receive a maximum check of $3,627, and those who delay retirement until 70 get the highest payment of $4,555 per month, according to the SSA.

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