The second round of August Social Security payments for retirees aged 70 and above, now capped at $5,108, goes out in two days.

When will checks arrive?

Social Security payments are scheduled to begin on the second Wednesday of every month , and continue in waves on a weekly basis. The payment date is determined by the day of the month a retiree was born.

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Retirees born between the 11th and 20th of a month will receive this payment on Aug. 20.

The first round of payments already went out on Aug. 13 to retirees born between the 1st and 10th, and the

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