Are You Eligible for the $4,194 Max Social Security Benefit in 2022?
Nearly 70 million people in the U.S. receive Social Security benefits. But very few qualify for Social Security's maximum benefit. In 2021, the maximum monthly check is $3,895, or $46,740 a year. But due to soaring inflation, the maximum benefit will rise to $4,194 a month in 2022, or $50,328 annually, a 5.9% increase.
However, a typical retired worker receives less than half of the maximum Social Security check. The average monthly retirement benefit was just $1,559 in September 2021.
Wondering whether your future Social Security check will be anywhere close to the maximum? Sorry, but there are no easy hacks. Here are the three things you'll need to do to get there.
Source Fool.com
