Social Security recipients will receive two checks this week, but it doesn't mean retirees are receiving extra money — it's due to a quirk in the system.
Some Americans will receive two Social Security payments this week, a rare occasion that is the result of a quirk in the system. Typically, the Social Security Administration sends out just one payment each week, delivering Social Security checks on the second, third and fourth Wednesdays of each month.
To be clear, the back-to-back deposits do not mean retirees are receiving extra money — it's just an early payment for the following month. This is slated to happen two more times this year, in August and November, according to a schedule of payments on the Social Security Administration's website. Retirees received a modest cost-of-living bump this year, but many have reported struggling to get by as they continue to battle high inflation that has rapidly eroded their purchasing power.
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