How Social Security Benefits are Calculated

Calculations for benefits
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Do you know how Social Security benefits are calculated? Well, you can wonder no more!

According to this article from CNET, Social Security benefits are calculated using your work history. The Social Security Administration (SSA) will take the “average monthly earnings from up to 35 years of work history” to calculate what is called the “primary insurance amount,” also known as the benefit payment received at full retirement age.

Looking for more information about Social Security and retirement? Look no further. The Senior Security Alliance is here to help keep you informed. Make sure to follow us for all the latest information; you can find us on Facebook and Twitter.

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