The Average Benefit of Social Security's Oldest Recipients Might Surprise You
Over 50 million Americans claimed Social Security benefits as of December 2023, with an average monthly check of $1,905.31. Some only receive benefits for a few years, while others claim for a couple of decades. But it's only a handful that have the opportunity to claim Social Security for close to 40 years.Just 53,616 Americans continue to receive retirement benefits until they're 100 or older. Over time, that amounts to a substantial lifetime benefit, but the size of their checks might surprise you.Image source: Getty Images.Continue reading
Over 50 million Americans claimed Social Security benefits as of December 2023, with an average monthly check of $1,905.31. Some only receive benefits for a few years, while others claim for a couple of decades. But it's only a handful that have the opportunity to claim Social Security for close to 40 years.
Just 53,616 Americans continue to receive retirement benefits until they're 100 or older. Over time, that amounts to a substantial lifetime benefit, but the size of their checks might surprise you.
Image source: Getty Images.
