This Was the Average Social Security Benefit in 2005, and Here's What It Is Now
A lot has changed over the past 20 years. In 2005, the iPhone didn't exist, YouTube was just starting, and people listened to music on CDs instead of an app on their smartphones.During that time, Social Security retirement benefits have also experienced a change. In 2005, the average monthly Social Security benefit was $1,002, or just over $12,000 annually. To start this year, the average monthly benefit for a retired worker was $1,975.Continue reading
A lot has changed over the past 20 years. In 2005, the iPhone didn't exist, YouTube was just starting, and people listened to music on CDs instead of an app on their smartphones.
During that time, Social Security retirement benefits have also experienced a change. In 2005, the average monthly Social Security benefit was $1,002, or just over $12,000 annually. To start this year, the average monthly benefit for a retired worker was $1,975.
