According to the Social Security Administration, approximately 69 million people receive benefits each month, totaling around $1.6 trillion annually.

The first round of June’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 10 days. Here is all you need to know about June’s Social Security payments.

Some 450,000 Americans aged 62 and older are in default on their student loans, the Consumer Financial Protection Bureau found.