Social Security Pays Some Seniors Over $50,000 a Year. Here's Why You Probably Won't Be 1 of Them
There are different factors that come together to determine how much money Social Security pays you on a monthly basis. Those include the number of years you work, the amount you earn each year, and the age at which you decide to sign up for Social Security.
This year, the maximum Social Security benefit amounts to $4,194 per month. On a yearly basis, that's an income of $50,328, which is actually pretty generous.
But most seniors end up collecting a lot less from Social Security. And here's why that will likely be the case for you.
Source Fool.com
