Depending on your birthdate, traditional Social Security recipients will begin getting paid on May 14 this month, a bit later than usual.

Social Security is a major source of income for nearly 73 million Americans — but how far does the average check actually go? We break down average benefits by age and gender, how its calculated and making the most of your monthly check.

The first round of Social Security direct deposits for May will be sent this week. Plus, those who receive SSI will get two payments. Here's why.