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Four variables are used to calculate your monthly Social Security check. ... Keep in mind that this average benefit is based on the recipient's age, as of December 2023, ...
The formula for calculating your PIA is based on the average indexed monthly earnings, or AIME, in your 35 highest-earning years after age 21, up to the Social Security wage base.
If you have any questions or are still unsure about your benefits and if you are receiving the correct amount, it is important to call Social Security at 1-800-772-1213 (for the deaf or hard of ...
A separate analysis from the Center on Budget and Policy Priorities found that the poverty rate for adults aged 65 and above would be nearly four times higher if Social Security didn't exist -- 10 ...
It shows the average monthly Social Security benefit for retired workers at different ages. As shown above, the average retired-worker benefit tends to increase with age, such that the average 70 ...
These four criteria are used to calculate your Social Security check ... your monthly Social Security benefit, it'll take into account your 35 highest-earning, inflation-adjusted years ...
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