This Was the Average Social Security Benefit in 2005, and Here's What It Is Now

A lot has changed in the past 20 years. In 2005, Netflix was still mailing out DVDs, MySpace was the most popular social media platform, and many phone plans still charged per text sent or received.Another thing that's changed in the past two decades is the average monthly Social Security benefit. In 2005, it was $1,002, or just over $12,000 annually.Fast-forward 20 years, and the average monthly benefit as of January of this year is $1,979, or close to $23,750 annually. That's over a 97% increase.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool