Q:

What is the average Social Security benefit?

A:

Quick Answer

Social Security recipients received an average monthly benefit of $1,223.45 in July 2015, according to statistics provided by the Social Security Administration. A total of 59.5 million people received Social Security benefits, including 42.6 million retired workers and 8.9 million disabled workers.

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Full Answer

Retired workers received an average benefit of $1,335.97 in July 2015, while disabled workers received an average of $1,165.18. Another 6 million people received survivor benefits with an average payout of $1,112.29.

The maximum possible benefit for a retired worker is $2,663 a month in 2015, which is roughly twice the average benefit for a retired worker. There is no minimum benefit. The average benefit increased by only $33.17 between July 2014 and July 2015.

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