The Supplemental Security Income (SSI) benefit payments will be distributed twice in August - on Friday, Aug 1 and on Friday, Aug. 29. The second August payment is scheduled because the first day of September lands on a holiday - Labor Day.

From the passage of the One Big Beautiful Bill, which left some confused about Social Security taxes, to concerns about whether benefits will shrink in less than a decade, here is a roundup of what happened last month regarding the program and what this means for you.

The new Social Security payments for retirees aged 70 and above, now capped at $5,108, go out in nine days. When will checks arrive? Social Security payments are scheduled to begin on the second Wednesday of every month,