Discover the average Social Security payment for your year of birth

The significance of Social Security to American society cannot be disputed. On the other hand, it is also true that over history, the government has undergone several transformations.

They have made numerous alterations to the amount received even though the basic structure is still there.

In this sense, it's fascinating to consider the difference between the worth of benefits today and in the past.

Even after accounting for inflation and all its effects, the amount of money received 50 years ago was significantly less than the amount received today.

In other words, today's Social Security recipients get up to three times as much as they did in the past.

The amounts that Social Security used to distribute, together with their contemporary equivalents, are listed here.

You can notice in this list the wide variations in financial resources that exist in this regard.

To find out when you'll get the $1,657 automatic payment, look up your birthdate.

$43.86 was the typical monthly Social Security benefit during that year.

In 2022, the typical monthly Social Security benefit will be $518.12.