So what are these benefits, exactly? Well, the overall average monthly Social Security benefit for retirees was $2,007 as of July — about $24,000 per year. Below are average monthly Social Security benefits for those who are 65 or other ages, as of the end of last year.

Several changes will be implemented for Social Security recipients in Tennessee and taxpayers who work to support the program.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and ...

Social Security is a major source of income for more than 74.5 million Americans. How far does the average check actually go? Most retirees collect about $1,955 a month from Social Security as of September 2025 — or some $23,465 a year — but that check ...