Think You'll Receive the Max Social Security Benefit? You May Want to Rethink That
Social Security is one of the best social programs the U.S. offers. After paying Social Security taxes for decades, retirement is a chance for people to reap the rewards of it on the back end. For some people, Social Security is supplemental income in retirement. For many others, it's their only retirement income.
The range of monthly Social Security benefits is large, as it's based on many different factors. In 2023, the maximum monthly benefit someone can receive is $4,555. While receiving that amount sounds enticing, it's not likely for most people.
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Source Fool.com
