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The Social Security Administration said the average beneficiary would receive an additional $93 per month, meaning the typical monthly check would increase from $1,565 in January to $1,658.
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To get $1,650 in monthly benefits, you'd need an average income of about $76,000. This works out to a $500 increase in your monthly income to receive an extra $100 a month in Social Security.
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Social Security earnings are limited to $1,630 per month or $19,560 per year in 2022 for those who have not reached full retirement age.
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