For the first time ever, the average American’s Social Security benefit surpassed $2,000. To be precise, the figure was $2,002.39 - don’t forget those $2.39. A little goes a long way. For reference, the average retired worker’s benefit from May 2024 was approximately $85 less ($1,917).

Social Security is a major source of income for nearly 73M Americans — but how far does the average check go? See average benefits by age and gender, how its calculated and making the most of your money,

Social Security beneficiaries are poised for a potential 2.5% increase in their benefits next year, driven by a slight uptick in inflation.