Social Security pays monthly benefits to millions of retired Americans. And for 40% of seniors, it's their only source of income, according to the National Institute on Retirement Security. But with the average retired worker collecting just $1,

Many people don't owe federal income taxes on their Social Security retirement benefits. However, with $3,400 in monthly benefits, you could be one of the many people who do have to pay taxes on this income.

Key Points Most Social Security recipients don’t get $4,000 per month. There’s an easy way to know what benefit to expect. There are steps you can take to lock in a larger monthly benefit. The right cash back credit

The Social Security Administration released the average monthly Social Security benefit amounts for January 2025. The average check for retired workers was $1,978.77. This figure reflects retirees’ lifetime earnings,