News

This is How Much Couples Receive from Social Security

older couple looking at laptop
Photo by Marcus Aurelius from Pexels

Social Security is the largest source of retirement income for most American households, but the makeup of your household impacts how much money you receive.

According to an article by Investopedia, a dual-earning married couple gets about $50,000 a year from Social Security on average, while a single-earner couple receives about $37,000. It’s easy to understand why so many retirees are struggling these days.

The Seniors Trust is committed to improving the well-being of older Americans. We are doing that financially by encouraging lawmakers to enact the Social Security Expansion Act. This landmark piece of legislation will give retirees an immediate increase of about $200 a month in benefits, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.