The Average Social Security Benefit in 2018 — and Why You Can't Live Off It

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The Average Social Security Benefit in and Why You Can t Live Off It. Think you ll manage to cover the bills on your Social Security income alone? Wait till you see what the typical recipient collects today. Maurie Backman. TMFBookNerd . Jan , AM. Countless seniors rely on Social Security to pay the .In , according to inflationary data from the Bureau of Labor Statistics, Social Security recipients will receive a COLA the highest in six years. In order for lawmakers to protect seniors who are enrolled in Social Security and Medicare from having their Social Security benefits devoured by rapidly .Supplemental Security Income SSI beneficiaries will receive a . percent. COLA for . Other important Social Security information is as follows Monthly limit. $,. $,. Annual limit. $,. $,. Estimated Average Monthly Social Security Benefits Payable in. January . Before. . COLA. After..An insured worker becomes eligible for retirement benefits when he or she reaches age . If were the year of eligibility, we would divide the national average wage index for ,. by the national average wage index for each year prior to in which the worker had earnings and multiply each such ratio .







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