Not all Americans can earn the highest Social Security retirement or SSDI payments. SSI recipients typically have a low income and limited resources. Average checks and direct payments may be more realistic than enormous amounts that only a few can afford. For example, starting of November 2024, SSI compensation will be approximately $698.35 for all recipients, according to the SSA in December.
If you are under 18 and receiving SSI payments, you can get an average of $813.30 through Social Security. This age group has a higher average payment. Seniors above the age of 65 receive the lowest average SSI benefit. According to the Social Security Administration, they receive around $575.85. This could be because they also receive retirement benefits. SSI participants aged 18 to 64 can expect to receive an average of $744.73.
Average Social Security payments in retirement
In December, the Agency reported that retired workers earn an average of $1,925.46. The average Old-Age and Survivors Insurance payout is $1,841.35.
According to the SSA, retirement benefits average $1,876.95. Remember that workers can collect Social Security benefits, but so can their children and spouses.
For example, workers’ spouses receive an average salary of $908.76. Children receive a lower average wage of $894.82. But how about survivor benefits?
Social Security and the average payments for survivors
If a worker passes away, family members such as spouses, children, or parents may be eligible for monthly Social Security payments. Here are the average amounts for survivors:
- Children of deceased workers: $1,105.12 on average
- Widowed mothers and fathers: $1,286.88 on average
- Nondisabled widow(er)s: $1,786.81 on average
- Disabled widow(er)s: $927.46 on average
- Parents of deceased workers: 1,627.29 on average
SSDI average payments
The average SSDI benefit is at $1,542, with the highest payment being $3,822. Spouses of disabled workers can receive around $421.55. If you have children with disabilities and qualify, they can get on average $496.04.
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