India, Oct. 20 -- Social Security recipients in the US generally receive their monthly payments on the second, third or fourth Wednesday of each month. The exact payment date depends on the recipient's date of birth, according to Yahoo Finance.

The Social Security Administration (SSA) follows a payment schedule to send benefits to different groups of recipients. However, some people follow a different payment schedule, including those who receive Supplemental Security Income (SSI).

Who is eligible for Social Security retirement benefits? People must be at least 62 years old and have earned at least 40 work credits to qualify for Social Security retirement benefits. This is equal to about 10 years of work while paying Social Security tax...