2024 Social Security Increase Projections Pdf. The average benefit amount among retired workers is around $1,919 per month, according to july 2024 data from the social security administration. The nation's more than 70 million social security recipients may want to temper their expectations of how much.
Some sources of income in retirement do not, or increase more slowly. Each year, a wage cap is set that determines how much income gets taxed to fund social security.
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