Genia Ashleigh

Average Social Security Benefit 2024. However, your age will also have a dramatic impact on your maximum possible payments. As of august 2024, the average check is $1,783.55, according to the social security administration — but that amount can differ drastically depending on the type of recipient.

The cost of living adjustment for social security benefits means the average recipient will see an increase of about $50 per month. Social security benefits will increase 3.2% in 2024 for the nation’s 71 million recipients, raising the average monthly check for a single retired worker to $1,907, up $59 from $1,827 this year,.