The Average Social Security Benefit Is Less Than You Might Think. That's a Big Problem.
Social Security plays a key role in a majority of Americans' retirement plans, and many factors will influence how much you receive each month in benefits.
As of 2024, the maximum benefit is a whopping $4,873 per month. The average benefit is far less than that, however, and it may come as a surprise to many people how little most retirees receive from Social Security.
As you make your plans for retirement, it can be helpful to see how much the average retiree receives in benefits. But it's also important to understand just how much your age when you file impacts your monthly payments.
Source Fool.com
