How much Social Security would the average $30,000 worker receive?
Of course, the actual benefit amount for each Social Security beneficiary can only be determined from their personal earnings record and the age at which they decide to start collecting benefits. But it’s still an interesting exercise to take a look at what the “average” worker earning about $30,000 per year might expect to receive in Social Security benefits. This Motley Fool article by Sean Williams summarizes how benefits are computed, and also does the math to arrive at the estimated Social Security benefits for a worker who has earned $30,000 per year over their career. Click here to read more.