Retirees could see their Social Security checks cut by about $500 a month by 2032 if Congress doesn't take action.

The average monthly retirement benefit for retired workers goes up after a 2.8% cost-of-living adjustment (COLA) , though actual amounts vary widely based on earnings history and claiming age.

When it comes to using data, averages play a role in planning and forecasting for the future. Knowing the average monthly Social Security benefit can help you get a better picture of how much income ...

Good news for Social Security recipients: Congress is working on the Social Security Emergency Inflation Relief Act, which could add an additional $200 to your monthly checks for the first six months ...

It may only be a modest boost for one big reason.