You’ve probably wanted to know what the average Social Security benefit is in the United States. It’s good to know this data so you’ll know if you’ll be able to pay all your bills in the future. It doesn’t matter if you have a retirement benefit, widow’s benefit or any of the other reasons.
The important thing is to know the average payment to take the Social Security check into account when applying for it. In addition, each benefit is different and some may vary, so keep this in mind before applying for one of them.
In this sense, it doesn’t matter which of these benefits you apply for. The important thing, at the end of the day, is to have all expenses under control and the amount of money that Social Security can give us. Even so, benefits such as retirement benefits can increase if we do certain things before we apply. Also, every year all benefits go up because of the COLA, so this average payment is for the year 2022.
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Average Social Security benefits
Below you can find out if your benefit falls within the average Social Security payments. They are organized by category:
- Retired Workers: The average benefit for this category is $1,669. This means you can live in many different places with a good quality of life. Social Security, in these cases, can be increased if we take certain actions before applying for it. In addition, we can also stretch Social Security to make the money last longer.
- Spouses of retirees: If you are the spouse of a person with a Social Security benefit, you can apply for a spouse’s benefit. The average benefit is $835, since it is half of the former worker’s benefit. If the spouse works, he or she can also get credits and increase this figure.
- Widows and widowers (non-disabled): For non-disabled persons who are survivors of their partner, there is a Social Security benefit. This survivor benefit averages $1,562 per month.
- Workers with disability: In the United States there are almost 8 million people with this type of benefit. The average is $1,362 per month. In addition, partners and children of disabled workers are also eligible for a benefit.
Thanks to the Social Security benefit calculator, you can find out what your benefit will be in the future. This tool works as a guideline, so you will know the final amount of money when you complete the SSA enrollment process. Still, it’s a good way to know approximately how much money you will receive with your benefit.
And it’s also good to remember that retirement benefits can increase depending on a few factors. Retiring at age 62 or 67 is a very important decision because the age depends on whether you will receive 30% less of your benefit or have full Social Security.