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The average Social Security benefit is around $ 1,544.
With inflation on the rise, retirees are expected to get up to a 6% cost of living increase on their 2022 checks to shore up their budgets.
However, the amount of your payment will depend on the income of your years of work, your date of birth and the age at which you decide to start receiving benefits.
Fortunately, CNBC did the math for a wide range of salaries, and we can estimate the future benefits if you earn between $ 30,000 and $ 100,000 per year.
Remember: Social Security was not generally considered your only source of money for retirement, and the totals are constantly changing.
Watch this video to find out how much you’ll get and how your monthly allowance will be calculated based on several different salaries.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Tassels.
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