This Is the Average Social Security Benefit for Age 65

Key PointsThe average benefit for a 65-year-old is over $1,600..

• June 13, 2024 — 09:45 am EDT Written byStefon WaltersforThe Motley Fool-> Since its ongoing monthly payments began in 1940, Social Security has been one of the United States' most essential social programs
• For some of its roughly 53
• 5 million retiree recipients, Social Security is purely supplemental income, but for many, it's a vital source of retirement income that keeps their basic needs met