How Big is the Average Social Security Check?

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The latest report for February 2023 showed a total outlay of approximately $112.21 billion for 66.243 million recipients.

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The average Social Security check is approximately $1,693.88, which works out to a little over $20,300 per year.

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In February 2023, the average disabled worker brought home $1,483.17.

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While the collective 5.8 million survivor beneficiaries paid Social Security an average of $1,448.38.

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It's worth remembering that these monthly payments have a historically significant increase of 8.7% in 2023.

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Approximately how much could the average Social Security payment be for the next 10 years?

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If the annual cost-of-living adjustment falls to 2% by 2033, Social Security checks could increase to $2,064.83.

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How Big is the Average Social Security Check?

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