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How Much Does the Average American Get From Social Security?

Here's a rundown of the average Social Security income and what it means to you.

By Matt Frankel, CFP – Jun 2, 2023 at 6:22AM EST

Social Security is the largest retirement plan in the United States, with more than 66.5 million Americans receiving monthly checks from the program. But how much does the average person get? In this video, Certified Financial Planner® Matt Frankel breaks down the latest statistics you need to know.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
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The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

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