How Social Security benefits are calculated if you make $15 per hour

More than 69 million Americans received Social Security benefits in 2019.

For the average worker, those benefits will work out to about $1,500 per month.

The size of your check, however, will be based on the income from your working years, the year you were born and your age when you decide to start receiving Social Security.

Your benefits are determined by “bend points,” in an equation. Almost like a tax bracket, but it’s used to give you money instead. The less money you’ve made, the higher a percentage of your salary you will get back. This is designed to help low-wage retirees.

How much should you expect from Social Security if you make $15 per hour? Watch this video for a breakdown of how much you will get and how your monthly benefit will be calculated.

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[KarenDuncan-os]

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[sithlord]

I don't think that's right. Because my mom was making $31 and hour. She worked for 20 years. All she get was $950 a months now.

[janicehopkins]

I'm 80 years old. How much will I receive next year?

[sabrinamerrick]

The thumbnail graphic on this post is very misleading. It looked like they were saying if you make 15 dollars an hour, your monthly ss check would be 2, 600 dollars.

[bennguyen]

I understand the monthly PIA income benefits are calculated from the highest 35 years of income...

However, is it possible that you work only ONE out of the 35 years, but still would be eligible for the MAXIMUM social security benefit at retirement age?

For example, say you never worked except for one year at age 45, where you earned millions, and so you and your employer each paid $150k into Social Security and $50k each into Medicare.... then you never worked again. If you wanted to collect the maximum benefits at 65, how could you figure out when you've reached the maximum, regardless if you continue to work or not?

[mariostelzner]

"SOCIAL SECURITY" = NO MONEY FOR YOUR RENT OR PROPERTY TAXES + NO MONEY FOR YOUR FOOD AND OTHER NEEDS + NO MONEY FOR YOUR UTILITIES = YOUR HOMELESS AND LIVING IN A TENT AND PICKING THROUGH GARBAGE BINS LOOKING FOR YOUR NEXT MEAL.

GIVE PRAISE AND THANKS TO THE OVERLOADS WHO LOOK AND CARE FOR YOU.


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