Saturday, April 21, 2018

The states where people get the most money from Social Security, ranked



retired couple
Social Security retirement benefits are essential for many retirees in the US.
Flickr/jennie-o


Millions of Americans rely on Social Security retirement benefits.

Data released by the Social Security Administration in April revealed that throughout the US, over 42 million retirees receive Social Security checks totaling $59.6 billion every month. That averages out to a monthly payment of about $1,400 per person.

But not everyone takes home the same amount in Social Security benefits. In 24 states, the average retiree receives a monthly Social Security check worth less than $1,400. Three states have an average Social Security retirement benefit above $1,500, but none surpass $1,600.

The differences between some states are stark. For instance, Montana has about 15,000 more retirees than Delaware, but Delaware's total Social Security retirement benefits exceed Montana's by about $7 million. The average retiree gets roughly $125 more each month in Delaware than in Montana. Delaware has the third highest average Social Security retirement benefit amount, while Montana is in the bottom five states.

Below, see the average Social Security retirement benefit in every state and Washington DC, ranked from the lowest to the highest.




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