FYI: Here’s the Average Social Security Benefits Payout in 2021

Credit: Nick Youngson CC BY-SA 3.0 Alpha Stock Images


For tens of millions of Americans, there isn’t a program that bears more importance to their financial well-being than Social Security.

According to the Social Security Administration (SSA), 62% of current retirees lean on the program to account for at least half their monthly income. Additionally, more than 15 million retired workers are pulled out of poverty every month as a result of their guaranteed payout, based on an analysis from the Center on Budget and Policy Priorities.

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