The final round of July Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, goes out tomorrow. When does the check arrive? Social Security payments usually begin on the second Wednesday of every month,

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average wages. For instance, the average monthly retired-worker benefit at age 70 is currently $2,188, but it was $1,612 in June 2020. That means the average 70-year-old retiree receives an additional $576 per month today.

Social Security is a major source of income for 74M Americans — but how far does the average check go? See average benefits by age and gender, how its calculated and making the most of your money. Updated for July 2025.