5 States With the Highest Social Security Payouts
In less than a week, Social Security will hit a major milestone: its 85th anniversary since being signed into law.
Since its inception, Social Security has been responsible for providing a financial foundation for tens of millions of retired workers, and is currently pulling about a third of its retired workers out of poverty each year. Last year, the program paid out almost $1.05 trillion in scheduled benefits, most of which made its way into the hands of retired workers.
Yet, Social Security benefits aren't one-size-fits-all for retirees. Where you can live can make a big difference with regard to what you'll be paid each month. In particular, retired workers in five states are currently collecting at least $121 a month more than what the average retired worker nets in the United States.
Source Fool.com
