What is the average monthly Social Security benefit?
Hi, This year’s (2020) average monthly benefit is $1,503. Last year’s (2019) monthly benefit was $1,461. Back in 1960, the average benefit was approximately $80 per month! Take care, Martha Do you have a question about Social Security? Ask Martha your own question here.
Read MoreWhen is the best time to set up a My Social Security account?
Hi, My suggestion is to create one today! It is quick, easy, and free to create a My Social Security account. Plus, the information your account provides is valuable and will likely save you time from having to call or visit a Social Security office to find the same information. Whether you are or are…
Read MoreHow do I qualify for benefits? What do I need in order to be eligible to receive Social Security?
Hello, To qualify for Social Security benefits, you must first be a U.S. citizen or lawfully living in the United States. Then, you must have earned a total of 40 or more “credits.” These credits are legally known as Quarters of Coverage. A credit is the basic unit to determine whether one is insured under…
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