What Does the Average Person Collect in Social Security Benefits?
It’s a question many ponder– what do people collect in Social Security benefits? Are they living large or struggling to make ends meet? It depends on perspective. According to the Social Security Administration (SSA) the average person in 2021 pockets $1,553.68 per month in benefits. Todd Campbell explains the calculation used– 35 year work history, and he even digs deeper by explaining “bend points.” Campbell even explains why men receive an average payment of $1,723.82 per month, while women receive an average of $1,388.08. Full article here.