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According to the Social Security Administration, or SSA, the monthly retirement benefit for Social Security recipients is currently $1,783.55 in 2024 on average. Several factors can drag that ...
The new payment amount will start in January 2023 for most Social Security beneficiaries. For those receiving Supplemental Security Income benefits, the new payment amounts will begin on Dec. 30 ...
The top sub-category is non-disabled widows or widowers, who receive an average of $1,784.56 each month. Disability insurance comprises about 12.3 percent of all Social Security payments, and the ...
The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019–28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
The average monthly Social Security payment for all retired workers will rise to an estimated $1,827 in 2023 from $1,681, the SSA said – a gain of $146 a month.
The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019-28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
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