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GOBankingRates
The Average Social Security Check the Year You Were Born
By Jordan Rosenfeld,
2023-06-26
While Social Security benefits were never meant to fully replace the income you make while working, they are designed to prevent people from running out of funds in retirement . The Social Security Administration (SSA) also accounts for cost of living increases every year, and makes an adjustment to increase the benefits by a reasonable amount, as well.
If you’ve ever wondered what benefits your parents or grandparents were receiving, GOBankingRates took the average Social Security benefit from 1950 and found how much it translates to in today’s dollars. Using the SSA’s Annual Statistical Supplement of 2023 , here is the average Social Security check from the year you — or a family member — were born.
Average Monthly Social Security Payment Then : $42.14
Average Monthly Social Security Payment in Today’s Dollars: $520.19
Paul Bradbury / iStock.com
1952
Average Monthly Social Security Payment Then : $49.25
Average Monthly Social Security Payment in Today’s Dollars : $582.73
DNY59 / Getty Images/iStockphoto
1953
Average Monthly Social Security Payment Then : $51.10
Average Monthly Social Security Payment In Today’s Dollars : $602.34
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1954
Average Monthly Social Security Payment Then : $59.14
Average Monthly Social Security Payment In Today’s Dollars: $689.34
1955
Average Monthly Social Security Payment Then : $61.90
Average Monthly Social Security P ayment In Today’s Dollars: $726.91
Matt Bennett / Unsplash
1956
Average Monthly Social Security Payment Then : $63.09
Average Monthly Social Security Payment In Today’s Dollars : $738.12
lorozco3D / iStock.com
1957
Average Monthly Social Security Payment Then : $64.58
Average Monthly Social Security Payment In Today’s Dollars : $733.66
whitebalance.oatt / iStock/Getty Images
1958
Average Monthly Social Security Payment Then : $66.35
Average Monthly Social Security Payment In Today’s Dollars : $727.41
DNY59 / Getty Images/iStockphoto
1959
Average Monthly Social Security Payment Then : $72.78
Average Monthly Social Security Payment In Today’s Dollars : $786.90
PeopleImages / iStock.com
1960
Average Monthly Social Security Payment Then : $74.04
Average Monthly Social Security Payment In Today’s Dollars : $792.32
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1961
Average Monthly Social Security Payment Then : $75.65
Average Monthly Social Security Payment In Today’s Dollars : $795.97
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1962
Average monthly Social Security payment then : $76.19
Average monthly Social Security payment in today’s dollars : $796.31
zimmytws / Getty Images/iStockphoto
1963
Average Monthly Social Security Payment Then : $76.88
Average Monthly Social Security Payment In Today’s Dollars : $792.95
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1964
Average Monthly Social Security Payment Then : $77.57
Average Monthly Social Security Payment In Today’s Dollars : $787.12
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1965
Average Monthly Social Security Payment Then : $83.92
Average Monthly Social Security Payment In Today’s Dollars : $843.36
AND-ONE / Getty Images/iStockphoto
1966
Average Monthly Social Security Payment Then : $84.35
Average Monthly Social Security Payment In Today’s Dollars : $831.69
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1967
Average Monthly Social Security Payment Then : $85.37
Average Monthly Social Security Payment In Today’s Dollars : $813.60
RealPeopleGroup / Getty Images
1968
Average Monthly Social Security Payment Then : $98.86
Average Monthly Social Security Payment In Today’s Dollars : $909.01
Bill Oxford / Getty Images/iStockphoto
1969
Average Monthly Social Security Payment Then : $100.40
Average Monthly Social Security Payment In Today’s Dollars : $884.28
FatCamera / Getty Images
1970
Average Monthly Social Security Payment Then : $118.10
Average Monthly Social Security Payment In Today’s Dollars : $979.63
zimmytws / Getty Images/iStockphoto
1971
Average Monthly Social Security Payment Then : $132.17
Average Monthly Social Security Payment In Today’s Dollars : $1,041.25
PeopleImages / Getty Images/iStockphoto
1972
Average Monthly Social Security Payment Then : $162.35
Average Monthly Social Security Payment In Today’s Dollars : $1,238.55
DNY59 / Getty Images/iStockphoto
1973
Average Monthly Social Security Payment Then : $166.42
Average Monthly Social Security Payment In Today’s Dollars : $1,224.90
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1974
Average Monthly Social Security Payment Then : $188.21
Average Monthly Social Security Payment In Today’s Dollars : $1,266.37
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1975
Average Monthly Social Security Payment Then : $207.18
Average Monthly Social Security Payment In Today’s Dollars : $1,246.85
Piyapong Thongcharoen / Getty Images/iStockphoto
1976
Average Monthly Social Security Payment Then : $224.86
Average Monthly Social Security Payment In Today’s Dollars : $1,268.06
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1977
Average Monthly Social Security Payment Then : $243.00
Average Monthly Social Security Payment In Today’s Dollars : $1,302.43
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1978
Average Monthly Social Security Payment Then : $263.20
Average Monthly Social Security Payment In Today’s Dollars : $1,320.41
mphillips007 / Getty Images/iStockphoto
1979
Average Monthly Social Security Payment Then : $294.30
Average Monthly Social Security Payment In Today’s Dollars : $1,351.06
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1980
Average Monthly Social Security Payment Then : $341.40
Average Monthly Social Security Payment In Today’s Dollars : $1,375.90
blyjak / Getty Images/iStockphoto
1981
Average Monthly Social Security Payment Then : $385.97
Average Monthly Social Security Payment In Today’s Dollars : $1,391.04
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1982
Average Monthly Social Security Payment Then : $419.30
Average Monthly Social Security Payment In Today’s Dollars : $1,394.17
NoDerog / Getty Images/iStockphoto
1983
Average Monthly Social Security Payment Then : $440.77
Average Monthly Social Security Payment In Today’s Dollars : $1,413.11
dragana991 / Getty Images/iStockphoto
1984
Average Monthly Social Security Payment Then : $460.57
Average Monthly Social Security Payment In Today’s Dollars : $1,417.18
Bill Oxford / Getty Images/iStockphoto
1985
Average Monthly Social Security Payment Then : $478.62
Average Monthly Social Security Payment In Today’s Dollars : $1,422.47
alvarez / iStock.com
1986
Average Monthly Social Security Payment Then : $488.44
Average Monthly Social Security Payment In Today’s Dollars : $1,397.35
courtneyk / Getty Images
1987
Average Monthly Social Security Payment Then : $512.65
Average Monthly Social Security Payment In Today’s Dollars : $1,445.51
Olena Miroshnichenko / iStock.com
1988
Average Monthly Social Security Payment Then : $536.77
Average Monthly Social Security Payment In Today’s Dollars : $1,454.65
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1989
Average Monthly Social Security Payment Then : $566.85
Average Monthly Social Security Payment In Today’s Dollars : $1,467.67
skynesher / iStock.com
1990
Average Monthly Social Security Payment Then : $602.56
Average Monthly Social Security Payment In Today’s Dollars : $1,482.98
DNY59 / Getty Images/iStockphoto
1991
Average Monthly Social Security Payment Then : $629.32
Average Monthly Social Security Payment In Today’s Dollars : $1,465.99
Halfpoint / Getty Images/iStockphoto
1992
Average Monthly Social Security Payment Then : $652.64
Average Monthly Social Security Payment In Today’s Dollars : $1,481.78
Barbacane / iStock.com
1993
Average Monthly Social Security Payment Then : $674.06
Average Monthly Social Security Payment In Today’s Dollars : $1,482.12
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1994
Average Monthly Social Security Payment Then : $697.34
Average Monthly Social Security Payment In Today’s Dollars : $1,495.55
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1995
Average Monthly Social Security Payment Then : $719.80
Average Monthly Social Security Payment In Today’s Dollars : $1,501.61
kali9 / iStock.com
1996
Average Monthly Social Security Payment Then : $744.96
Average Monthly Social Security Payment In Today’s Dollars : $1,512.83
Popartic / iStock.com
1997
Average Monthly Social Security Payment Then : $774.84
Average Monthly Social Security Payment In Today’s Dollars : $1,527.02
Zinkevych / Getty Images/iStockphoto
1998
Average Monthly Social Security Payment Then : $779.69
Average Monthly Social Security Payment In Today’s Dollars : $1,512.81
richcano / iStock.com
1999
Average Monthly Social Security Payment Then : $804.30
Average Monthly Social Security Payment In Today’s Dollars : $1,534.92
Dean Mitchell / Getty Images
2000
Average Monthly Social Security Payment Then : $844.48
Average Monthly Social Security Payment In Today’s Dollars : $1,568.63
NoDerog / Getty Images
2001
Average Monthly Social Security Payment Then : $874.44
Average Monthly Social Security Payment In Today’s Dollars : $1,565.84
Daisy-Daisy / Getty Images/iStockphoto
2002
Average Monthly Social Security Payment Then : $895.00
Average Monthly Social Security Payment In Today’s Dollars : $1,584.56
BackyardProduction / Getty Images/iStockphoto
2003
Average Monthly Social Security Payment Then: $922.08
Average Monthly Social Security Payment In Today’s Dollars : $1,591.17
miodrag ignjatovic / Getty Images
2004
Average Monthly Social Security Payment Then : $954.89
Average Monthly Social Security Payment In Today’s Dollars : $1,616.65
2005
Average Monthly Social Security Payment Then : $1,002.00
Average Monthly Social Security Payment In Today’s Dollars : $1,647.48
lisegagne / Getty Images
2006
Average Monthly Social Security Payment Then : $1,044.40
Average Monthly Social Security Payment In Today’s Dollars : $1,651.38
LPETTET / iStock.com
2007
Average Monthly Social Security Payment Then: $1,078.60
Average Monthly Social Security Payment In Today’s Dollars : $1,670.78
MonicaNinker / iStock.com
2008
Average Monthly Social Security Payment Then : $1,152.90
Average Monthly Social Security Payment In Today’s Dollars : $1,712.57
agshotime / Getty Images/iStockphoto
2009
Average Monthly Social Security Payment Then: $1,164.30
Average Monthly Social Security Payment In Today’s Dollars : $1,728.99
aldomurillo / Getty Images
2010
Average Monthly Social Security Payment Then : $1,175.50
Average Monthly Social Security Payment In Today’s Dollars : $1,700.96
NoDerog / Getty Images/iStockphoto
2011
Average Monthly Social Security Payment Then : $1,228.57
Average Monthly Social Security Payment In Today’s Dollars : $1,749.21
Ridofranz / Getty Images
2012
Average Monthly Social Security Payment Then : $1,261.61
Average Monthly Social Security Payment In Today’s Dollars : $1,745.20
NoDerog / Getty Images/iStockphoto
2013
Average Monthly Social Security Payment Then : $1,293.83
Average Monthly Social Security Payment In Today’s Dollars : $1,761.67
simon2579 / iStock.com
2014
Average Monthly Social Security Payment Then : $1,328.58
Average Monthly Social Security Payment In Today’s Dollars : $1,780.87
ImagePixel / iStock.com
2015
Average Monthly Social Security Payment Then: $1,341.77
Average Monthly Social Security Payment In Today’s Dollars : $1,800.16
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2016
Average Monthly Social Security Payment Then : $1,360.13
Average Monthly Social Security Payment In Today’s Dollars : $1,800.07
Douglas Rissing / iStock.com
2017
Average Monthly Social Security Payment Then : $1,404.15
Average Monthly Social Security Payment In Today’s Dollars : $1,813.01
Jacob Wackerhausen / iStock.com
2018
Average Monthly Social Security Payment Then : $1,461.31
A verage Monthly Social Security Payment In Today’s Dollars : $1,848.54
jetcityimage / Getty Images
2019
Average Monthly Social Security Payment Then : $1,502.85
Average Monthly Social Security Payment In Today’s Dollars : $1,872.04
Ivan Gonzalez / iStock.com
2020
Average Monthly Social Security Payment Then : $1,544.15
Average Monthly Social Security Payment In Today’s Dollars : $1,876.82
KenTannenbaum / iStock.com
2021
Average Monthly Social Security Payment Then: $1,658.03
Average Monthly Social Security Payment In Today’s Dollars : $1,987.41
Jose carlos Cerdeno / iStock.com
2022
Average Monthly Social Security Payment Then : $1,825.14
Average Monthly Social Security Payment In Today’s Dollars : $2,035.47
eric1513 / Getty Images
2023
Average Monthly Social Security Payment Then: $1,842.87
Average Monthly Social Security Payment In Today’s Dollars : $1,931.44
brizmaker / Getty Images/iStockphoto
2024
Average Monthly Social Security Payment : $1,912.09
Joel Anderson contributed to the reporting for this story.
Methodology: GOBankingRates used the Social Security Administration’s (SSA) “Annual Statistical Supplement, 2023” to find the average Social Security check the year you were born. Using this report, GOBankingRates referenced Table 3.C4–Average monthly amount of Social Security (OASDI) to find: (1) the average monthly Social Security payment for retired workers (amount at the time), and then used the Bureau of Labor Statistics CPI inflation calculator to find the (2) average monthly Social Security payment for retired workers (2024 dollars) for the years 1950 through 2023. All data was collected on and up to date as of May 28, 2024.
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