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In 2025, the average Social Security recipient will get $1,976 a month. So, if you're in line for $4,018, you're clearly in an even stronger financial position.
If You Worked 30 Years: Social Security will add five zero-income years to reach the 35-year mark. Those zeros lower your average, meaning you'll have a smaller benefit than if you'd had a full 35 ...
Social Security looks at the 35 years when you earned the most money, adjusts the amounts to put them into today's dollar value (called "indexing"), and then divides the total number of months in ...
Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...
This is how the average and maximum benefit amounts have changed since 2014 -- as well as some not-so-good news about the future of Social Security. Two people sitting at a table looking at documents.
Image source: Getty Images. Back in December 1994, the average monthly benefit was just $697.34, adding up to about $8,368 for the year. Fast forward to November 2024, and the average retired ...
For those without 35 years' worth of earnings, Social Security uses zeros for the missing years to calculate ... The average Social Security benefits at ages 62, 67, and 70 ... Women's Average ...
The $ 22,924 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known ...