The third round of May’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to retirees in six days. Here is all you need to know about May’s Social Security payments.

Millions of Americans rely on Social Security benefits as a lifeline for covering essential expenses—especially during a time of rising prices for food, housing, and medical care. For many, knowing the exact date their payment arrives is critical.

The Social Security Administration (SSA) is set to distribute its next round of payments on May 21. This payment cycle is crucial for many, providing essential income for retirees, those with disabilities,