Overview

• In May 2025 the average retired worker benefit rose to $2,002.39 per month, marking the first time it exceeded $2,000.
• Data from the Urban Institute indicates that benefit applications increased by around 15 percent in the past six months compared to the year before.
• The annual trustees report projects Social Security reserves will be exhausted in 2033, nine months earlier than previously forecast.
• Without legislative action to shore up funding, benefits could face a reduction of more than 20 percent after reserve depletion.
• Recipients can boost their monthly checks from $4,018 at full retirement age to about $5,108 by delaying benefits until age 70.