President Biden Just Signed New Social Security Bills. Whose Benefits are Getting Bigger?
- Approximately 90% of individuals aged 65 and older receive Social Security benefits, according to 2024 data from the Social Security Administration.
- The average Social Security benefit has increased to $1,925.46 per month as of November 2024, compared to $460.57 in 1984.
- Social Security has lost about 20% of its buying power since 2010, according to a 2024 report from The Senior Citizens League.
- Despite annual cost-of-living adjustments, Social Security struggles to keep up with rising costs, impacting retirees' benefits.
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Coverage Details
Total News Sources0
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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