Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • GOBankingRates

    The Average Social Security Check the Year You Were Born

    By Jordan Rosenfeld,

    2023-06-26

    https://img.particlenews.com/image.php?url=1Mi5qu_0XyKBzFy00

    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.

    Also check out what the average Social Security check will be in 15 years.

    https://img.particlenews.com/image.php?url=2o2z9l_0XyKBzFy00
    brizmaker / iStock.com

    1950

    • Average monthly Social Security payment then : $43.86
    • Average monthly Social Security payment in today’s dollars : $585.20

    Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity.

    https://img.particlenews.com/image.php?url=3Ey77f_0XyKBzFy00
    eric1513 / Getty Images

    1951

    • Average Monthly Social Security Payment Then : $42.14
    • Average Monthly Social Security Payment in Today’s Dollars: $520.19
    https://img.particlenews.com/image.php?url=0oD8Ft_0XyKBzFy00
    Paul Bradbury / iStock.com

    1952

    • Average Monthly Social Security Payment Then : $49.25
    • Average Monthly Social Security Payment in Today’s Dollars : $582.73
    https://img.particlenews.com/image.php?url=0MXIiL_0XyKBzFy00
    DNY59 / Getty Images/iStockphoto

    1953

    • Average Monthly Social Security Payment Then : $51.10
    • Average Monthly Social Security Payment In Today’s Dollars : $602.34
    https://img.particlenews.com/image.php?url=21V8pJ_0XyKBzFy00
    AleksandarNakic / iStock.com

    1954

    • Average Monthly Social Security Payment Then : $59.14
    • Average Monthly Social Security Payment In Today’s Dollars: $689.34
    https://img.particlenews.com/image.php?url=1mZ6zs_0XyKBzFy00

    1955

    • Average Monthly Social Security Payment Then : $61.90
    • Average Monthly Social Security P ayment In Today’s Dollars: $726.91
    https://img.particlenews.com/image.php?url=34U8Lb_0XyKBzFy00
    Matt Bennett / Unsplash

    1956

    • Average Monthly Social Security Payment Then : $63.09
    • Average Monthly Social Security Payment In Today’s Dollars : $738.12
    https://img.particlenews.com/image.php?url=2euIkQ_0XyKBzFy00
    lorozco3D / iStock.com

    1957

    • Average Monthly Social Security Payment Then : $64.58
    • Average Monthly Social Security Payment In Today’s Dollars : $733.66
    https://img.particlenews.com/image.php?url=0Ekpc9_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=388tPo_0XyKBzFy00
    DNY59 / Getty Images/iStockphoto

    1959

    • Average Monthly Social Security Payment Then : $72.78
    • Average Monthly Social Security Payment In Today’s Dollars : $786.90
    https://img.particlenews.com/image.php?url=0t20Ez_0XyKBzFy00
    PeopleImages / iStock.com

    1960

    • Average Monthly Social Security Payment Then : $74.04
    • Average Monthly Social Security Payment In Today’s Dollars : $792.32
    https://img.particlenews.com/image.php?url=4QLAPQ_0XyKBzFy00
    Richard Stephen / Getty Images/iStockphoto

    1961

    • Average Monthly Social Security Payment Then : $75.65
    • Average Monthly Social Security Payment In Today’s Dollars : $795.97
    https://img.particlenews.com/image.php?url=4f83iM_0XyKBzFy00
    Johnny Greig / iStock.com

    1962

    • Average monthly Social Security payment then : $76.19
    • Average monthly Social Security payment in today’s dollars : $796.31
    https://img.particlenews.com/image.php?url=3Gnw2s_0XyKBzFy00
    zimmytws / Getty Images/iStockphoto

    1963

    • Average Monthly Social Security Payment Then : $76.88
    • Average Monthly Social Security Payment In Today’s Dollars : $792.95
    https://img.particlenews.com/image.php?url=0c1qGg_0XyKBzFy00
    Punnarong / Getty Images/iStockphoto

    1964

    • Average Monthly Social Security Payment Then : $77.57
    • Average Monthly Social Security Payment In Today’s Dollars : $787.12
    https://img.particlenews.com/image.php?url=1jEfGF_0XyKBzFy00
    Nodar Chernishev / iStock.com

    1965

    • Average Monthly Social Security Payment Then : $83.92
    • Average Monthly Social Security Payment In Today’s Dollars : $843.36
    https://img.particlenews.com/image.php?url=1fO1u0_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3WcOrj_0XyKBzFy00
    Bill Oxford / iStock.com

    1967

    • Average Monthly Social Security Payment Then : $85.37
    • Average Monthly Social Security Payment In Today’s Dollars : $813.60
    https://img.particlenews.com/image.php?url=2JK2eE_0XyKBzFy00
    RealPeopleGroup / Getty Images

    1968

    • Average Monthly Social Security Payment Then : $98.86
    • Average Monthly Social Security Payment In Today’s Dollars : $909.01
    https://img.particlenews.com/image.php?url=34zi8T_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1rMrnI_0XyKBzFy00
    FatCamera / Getty Images

    1970

    • Average Monthly Social Security Payment Then : $118.10
    • Average Monthly Social Security Payment In Today’s Dollars : $979.63
    https://img.particlenews.com/image.php?url=0zLigq_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3qNCgE_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=15B9wu_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0sKzyr_0XyKBzFy00
    shapecharge / Getty Images/iStockphoto

    1974

    • Average Monthly Social Security Payment Then : $188.21
    • Average Monthly Social Security Payment In Today’s Dollars : $1,266.37
    https://img.particlenews.com/image.php?url=2hCEPt_0XyKBzFy00
    JJ Gouin / iStock.com

    1975

    • Average Monthly Social Security Payment Then : $207.18
    • Average Monthly Social Security Payment In Today’s Dollars : $1,246.85
    https://img.particlenews.com/image.php?url=003iYZ_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1hbQhZ_0XyKBzFy00
    Kameleon007 / iStock.com

    1977

    • Average Monthly Social Security Payment Then : $243.00
    • Average Monthly Social Security Payment In Today’s Dollars : $1,302.43
    https://img.particlenews.com/image.php?url=1T5qk8_0XyKBzFy00
    btrenkel / iStock.com

    1978

    • Average Monthly Social Security Payment Then : $263.20
    • Average Monthly Social Security Payment In Today’s Dollars : $1,320.41
    https://img.particlenews.com/image.php?url=1xerhh_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1TDR05_0XyKBzFy00
    kali9 / iStock.com

    1980

    • Average Monthly Social Security Payment Then : $341.40
    • Average Monthly Social Security Payment In Today’s Dollars : $1,375.90
    https://img.particlenews.com/image.php?url=4fnXem_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1q3ilt_0XyKBzFy00
    Kali Nine LLC / iStock.com

    1982

    • Average Monthly Social Security Payment Then : $419.30
    • Average Monthly Social Security Payment In Today’s Dollars : $1,394.17
    https://img.particlenews.com/image.php?url=3ey2ya_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0maIEa_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1aBZHb_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1oG2OL_0XyKBzFy00
    alvarez / iStock.com

    1986

    • Average Monthly Social Security Payment Then : $488.44
    • Average Monthly Social Security Payment In Today’s Dollars : $1,397.35
    https://img.particlenews.com/image.php?url=2ui7dP_0XyKBzFy00
    courtneyk / Getty Images

    1987

    • Average Monthly Social Security Payment Then : $512.65
    • Average Monthly Social Security Payment In Today’s Dollars : $1,445.51
    https://img.particlenews.com/image.php?url=0QWo3G_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0cNwLp_0XyKBzFy00
    Bill Oxford / iStock.com

    1989

    • Average Monthly Social Security Payment Then : $566.85
    • Average Monthly Social Security Payment In Today’s Dollars : $1,467.67
    https://img.particlenews.com/image.php?url=3jURiI_0XyKBzFy00
    skynesher / iStock.com

    1990

    • Average Monthly Social Security Payment Then : $602.56
    • Average Monthly Social Security Payment In Today’s Dollars : $1,482.98
    https://img.particlenews.com/image.php?url=0g7UkW_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=21hg0G_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1o9R2t_0XyKBzFy00
    Barbacane / iStock.com

    1993

    • Average Monthly Social Security Payment Then : $674.06
    • Average Monthly Social Security Payment In Today’s Dollars : $1,482.12
    https://img.particlenews.com/image.php?url=0fVtZq_0XyKBzFy00
    Geber86 / iStock.com

    1994

    • Average Monthly Social Security Payment Then : $697.34
    • Average Monthly Social Security Payment In Today’s Dollars : $1,495.55
    https://img.particlenews.com/image.php?url=2BWsJX_0XyKBzFy00
    eric1513 / iStock.com

    1995

    • Average Monthly Social Security Payment Then : $719.80
    • Average Monthly Social Security Payment In Today’s Dollars : $1,501.61
    https://img.particlenews.com/image.php?url=1QCgpp_0XyKBzFy00
    kali9 / iStock.com

    1996

    • Average Monthly Social Security Payment Then : $744.96
    • Average Monthly Social Security Payment In Today’s Dollars : $1,512.83
    https://img.particlenews.com/image.php?url=3TabN7_0XyKBzFy00
    Popartic / iStock.com

    1997

    • Average Monthly Social Security Payment Then : $774.84
    • Average Monthly Social Security Payment In Today’s Dollars : $1,527.02
    https://img.particlenews.com/image.php?url=3lCiNd_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=4f9zrS_0XyKBzFy00
    richcano / iStock.com

    1999

    • Average Monthly Social Security Payment Then : $804.30
    • Average Monthly Social Security Payment In Today’s Dollars : $1,534.92
    https://img.particlenews.com/image.php?url=0yIpZq_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0FuP17_0XyKBzFy00
    NoDerog / Getty Images

    2001

    • Average Monthly Social Security Payment Then : $874.44
    • Average Monthly Social Security Payment In Today’s Dollars : $1,565.84
    https://img.particlenews.com/image.php?url=3NS7m7_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=174OP8_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3DIuK4_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3VMw1z_0XyKBzFy00

    2005

    • Average Monthly Social Security Payment Then : $1,002.00
    • Average Monthly Social Security Payment In Today’s Dollars : $1,647.48
    https://img.particlenews.com/image.php?url=1jgW9z_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=4C6did_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=2YdENK_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0by0tV_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3taiVG_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1sTedT_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=47KG7y_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3uv2qB_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=14rIKq_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0QCtT1_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=349AUq_0XyKBzFy00
    west / iStock.com

    2016

    • Average Monthly Social Security Payment Then : $1,360.13
    • Average Monthly Social Security Payment In Today’s Dollars : $1,800.07
    https://img.particlenews.com/image.php?url=3xvMy3_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=4BWjJF_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=37c3cV_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=2NlW5o_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=0o3qOS_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1NDrrl_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=3p9tTk_0XyKBzFy00
    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
    https://img.particlenews.com/image.php?url=1UxYJj_0XyKBzFy00
    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.

    This article originally appeared on GOBankingRates.com : The Average Social Security Check the Year You Were Born

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular
    GOBankingRates2 days ago

    Comments / 0