Similar Stories to 10 States With The Lowest Average Social Security Retirement Benefit on Bing News

By the time you retire, there's a very good chance that you'll be reliant on Social Security income in some capacity. According to national pollster Gallup, 89% of non-retirees believe they'll need Social Security income to make ends meet. As for official data from the Social Security Administration (SSA), 62% of today's retirees lean on the program to supply at least half of their monthly income, while some 34% of retired workers effectively depend on Social Security for all (90%-100%) of their income.

BING NEWS:
  • How much Social Security benefits the average 62-year-old gets per month
    But those who claimed at 62 receive far less. Their average monthly benefit in 2023 was just $1,298.26. Factoring in the 2024 COLA brings it to $1,339.80. And the 2.5% COLA for 2025 will make it about ...
    12/22/2024 - 5:52 am | View Link
  • Here's the Average Social Security Benefit at Ages 62, 67, and 70
    Every year, the SSA's Office of the Actuary releases a breakdown detailing the average monthly benefit of retired-worker beneficiaries between ages 62 and 99-plus. Keep in mind this data is based on ...
    12/21/2024 - 7:44 pm | View Link
  • This flaw in Social Security benefit calculation will cost retirees $120 on average in 2025
    The Social Security Administration issues COLAs in most years to help Social Security benefits keep up with inflation.
    12/21/2024 - 6:00 pm | View Link
  • Senate passes Social Security benefits boost for many public service retirees
    The Senate is moving to a final vote on a proposal to boost Social Security payments for millions of people, potentially pushing a longtime priority for former public employees through Congress in one ...
    12/20/2024 - 9:10 pm | View Link
  • What to know about Social Security's full retirement age in 2025
    Social Security's full retirement age reflects the point at which people can claim their full benefits. It's going up in 2025.
    12/20/2024 - 3:04 am | View Link
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