More Details on Average Social Security Administration (SSA) Monthly Monetary Benefits

In earlier blog posts, I went over some pretty broad figures while examining the scope of the SSA's monthly monetary benefits available to individuals who qualify for various programs. In this blog post, I'd like to go into a little more detail on what the average individual actually receives each month.

SSA Average Monthly Benefits

According to the SSA's 2015 Fact Sheet, almost 60 million individuals received some $883 billion in monthly monetary benefits. Those who received SSA retirement got, on average, $1,342.00 per month, while qualified disabled workers drew $1,166 per month. The article includes a few additional breakdowns and statistics for those who are interested.

While we are on the subject, Mathew Frankel at the Motley Fool published a highly relevant article further detailing and updating the numbers attached to the available SSA programs. I thought I'd pull out some of the figures as a sort of summary service to readers.

According to Frankel, the average monthly monetary benefit a recipient receives now in 2016 is $1,237.15 per month. Individuals who draw SSA retirement receive slightly more, $1,349.59 per month, while their spouses who qualify $700.82, their children $652.00.

If the worker is deceased, on average their children receive $832.78 per month. Surviving spouses $1,293.24 or alternatively, if disabled, $716.95. Speaking of SSA disability, if individuals qualify for it, they will, on average, receive $1,166.41 per month, their spouse $322.56 and children $351.29.

If you or your child have been denied SSA disability benefits or suffer from a severe impairment that is expected to last more than twelve months and that prevents you from doing any of your past or other work or is causing developmental delay in your child, please contact our office nearest to you to set up a free consultation appointment to discuss your situation.