How Does Your Social Security Check Stack Up?

Social Security is credited with keeping nearly 15.4 million older Americans out of poverty each year. According to The Motley Fool, while most retirees rely on their monthly benefits to help make ends meet, the average benefit check is actually quite modest. After looking at the numbers, it found that of the nearly 50 million retired workers who received a benefit this past June, the average amount was only $1,837.29 — that equates to $22,047 per year. No wonder so many seniors are struggling to get by after years of high inflation has pushed up the cost of everyday items such as groceries.

The Seniors Trust believes Social Security needs to do more to support America’s retirees. We want Congress to enact the Social Security Expansion Act. It would boost monthly benefits by about $200, create a strong and long-lasting trust fund and guarantee that retired workers receive adequate Social Security benefits and a fair Cost-of-Living Adjustment (COLA).