• Social Security
  • Retirement
  • Disability
  • Pension
  • Disability Insurance
  • Medicare
  • Viral
Sunday, August 7, 2022
Trends, wellness and entertainment news
  • Home
  • Lifestyle
  • Health
  • Money
  • Tech
No Result
View All Result
  • Home
  • Lifestyle
  • Health
  • Money
  • Tech
No Result
View All Result
Trends, wellness and entertainment news
No Result
View All Result
Home Money

7 states that receive the most Social Security benefits

GOBankingRates accessed Social Security Administration data on total benefits paid by state.

TD Editorial by TD Editorial
18/06/2022 17:38
in Money
Retirement 10 cities

Retirement 10 best cities

ADVERTISEMENT

The best southern city to live in with only $1,500 a month in Social Security

How can I get a higher Social Security benefit?

Check if your benefit is within the Social Security average

Social Security benefits are paid according to a complex formula that takes into account how much the taxpayer has earned over the course of their career and at what age they claim benefits. In mass terms, the average Social Security pension payment for all retired workers in January 2022 was $ 1,657, but the maximum possible benefit was $ 4,194.

ADVERTISEMENT

To determine which states received the most Social Security, GOBankingRates accessed data from the Social Security Administration for total benefits paid by the state, along with the number of Social Security beneficiaries in each state.

For the purpose of this analysis, only Old Age, Death and Invalidity Insurance (OASDI) was taken into account. SSI (Supplemental Security Income) was not taken into account.

ADVERTISEMENT

Look at the 7 states that receive the most

The states are ranked in reverse order with the state getting the most in Social Security rankings out of 1.

7. Michigan

Michigan
Michigan
  • Total Social Security Received: $3.36 billion
  • Total Number of Recipients: 2,250,141

6. Ohio

Ohio
Ohio
  • Total Social Security Received: $3.34 billion
  • Total Number of Recipients: 2,405,217

5. Pennsylvania

Pennsylvania
Pennsylvania
  • Total Social Security Received: $4.25 billion
  • Total Number of Recipients: 2,877,728

4. New York

New York
New York
  • Total Social Security Received: $5.40 billion
  • Total Number of Recipients: 3,680,264

3. Texas

Texas
Texas
  • Total Social Security Received: $6.11 billion
  • Total Number of Recipients: 4,421,803

2. Florida

Florida
Florida
  • Total Social Security Received: $6.94 billion
  • Total Number of Recipients: 4,840,275

1. California

California
California
  • Total Social Security Received: $8.66 billion
  • Total Number of Recipients: 6,150,009

Social Security: A Simple Concept

Social Security reaches almost every family and, at some point, touches the lives of almost every American.
The administration helps older Americans, workers who develop disabilities, and families in which a spouse or parent dies. In June 2021, about 176 million people were working and paying Social Security taxes and about 65 million people were receiving monthly Social Security benefits.

ADVERTISEMENT

The majority of our beneficiaries are retirees and their families: about 50 million people in June 2021.

Tags: Social SecurityViral

Related Posts

Social Security best southern city to live
Money

The best southern city to live in with only $1,500 a month in Social Security

by TD Editorial
07/08/2022
0

For everyone in the United States, living independently is paramount. This is also true when it comes to retirement with...

Read more
Social Security
Money

How can I get a higher Social Security benefit?

by TD Editorial
07/08/2022
0

The Social Security Administration in the United States is an independent agency of the federal government that is dedicated to...

Read more
Payment Social Security SSI
Money

Check if your benefit is within the Social Security average

by TD Editorial
07/08/2022
0

Do you know what the average Social Security amount is in the United States? It depends on how much money...

Read more
ADVERTISEMENT
  • About us
  • Legal Notice
  • Privacy Policy & Cookies
  • Viral News

© 2021 Tododisca - Health & Lifestyle News

No Result
View All Result
  • Home
  • Lifestyle
  • Health
  • Money
  • Tech

© 2021 Tododisca - Health & Lifestyle News