The last Social Security payment of the month will be sent to Americans born on one of the 10 dates today.
they deserve to be social Security An average payout of $1,538.
who has a birthday 21st June and 30th June and are eligible, they will see payments sent on Wednesday, June 22.
In April 2022, a total of 65,544 Americans received Social Security, for a total of about $100.8 million, according to the record. social Security Administration,
Average for April social Security The retirement monthly benefit was $1,538.
in present, absolute advantage The age is 66 years and two months for those born in 1955, but this will gradually increase to 67 for those born in 1960 or later.
The amount you get will depend on how much you have worked and earned in your career.
One way to increase the amount you receive in benefits is if you want to defer when you start receiving them.
Ways to increase your monthly benefits
- At age 66, you get 100% of your monthly benefit
- At the age of 67, you get 108% of the monthly benefit, as you are delayed for 12 months
- At age 70, you get 132% of the monthly benefit, because you are delayed for 48 months
When you reach age 70, your monthly benefit stops increasing, even if you continue to delay collecting Social Security.
If you retire in 2022 at age 70, your maximum benefit will be $4,194.
Here’s Over the Sun on Social Security and Why Some Recipients Might Have to pay back some of their benefits.
Plus, more on the cost of living adjustment (cola,