Average Social Security Retiree Check Reaches $2,000 for First Time

President Donald Trump Broke His Vow Not to Tax Social Security Benefits -- and Retirees Are Being Given This Concession Instead @themotleyfool #stocks

In May, the average monthly Social Security benefit for retired workers hit an important milestone by crossing above $2,000 for the first time in the program's history. Though this is a fairly modest monthly payout, Social Security income plays a foundational role for most retirees in helping make ends meet. Based on an analysis from the Center on Budget and Policy Priorities, Social Security helped pull more than 22 million people above the fed…

Social Security Defenders Say Trustees Report Shows Expansion—Not GOP Cuts—Is Path Forward

U.S. government report warns Social Security trust funds may run out by 2034 without action. Advocates call for increased revenue to protect benefits.

Average Social Security retiree check reaches $2,000 for first time

By Jack Phillips Contributing Writer  The average Social Security payment for retired workers reached $2,000 for the first time ever, according to a report released by the Social Security Administration this week.  For retired workers, the average monthly payment stood at $2,002.39, up 4.5% from $1,916 a year earlier, according to the data.  The $2,000 check milestone applies only to retired workers, who comprise 75% of the more than 69 million …

Social Security's Trust Funds Will Run Out of Money in Less Than 10 Years

A new government report finds that Social Security's main trust funds will run out of reserves in 2034, meaning a cut in benefits.