Average Social Security in August: It’s important to understand how much money retired people are actually getting from Social Security every month. Based on the newest data from the Social Security Administration and a report by Bankrate, the average benefit for retired workers is now $2,005.05. This is the number most people close to or past retirement age are getting, depending on how long they worked and when they started claiming.
This $2,005 amount shows a big change, especially because it crossed the $2,000 mark for the first time ever. People who worked longer and waited till retirement age or later to claim their benefits are the ones receiving this average. But not everyone gets the same. People who claimed early or have extra conditions like disability or survivor status will usually get less.
Earthquake at Social Security: Will SSA End Paper Checks? Here’s What It Means for You
Why the Increase Happened?
In January 2025, there was a 2.5% COLA (cost-of-living adjustment), and that gave most people around $49 to $50 more every month. Because of this, the average benefit moved up closer to $2,000 and finally passed it. That’s why now the average payment for a retired worker is $2,005.05. But when we include everyone getting retirement-related benefits, not just workers, the overall average becomes $1,952.23.
Other people connected to retired workers like their spouses and children are getting less. Spouses are receiving around $953.33 a month, and children are getting around $924.87 a month. These numbers are based on reports from June 2025 according to Marca.
What Amount do you get?
What we understand from these figures is that people who retire at full retirement age start getting close to $2,005 every month. But people who retire early or also qualify for other types of benefits like survivors or disability usually receive lower monthly payments. On the other hand, people who wait till they are 70 and have had high incomes during their working years might get much more, even up to $5,108 a month. That’s only for those who earned a lot and delayed their claim until the maximum age allowed.
Worried About Social Security’s Future? These Smart Money Moves Can Help
What About August 2025 Payments?
Usually these average amounts don’t change in the middle of the year. But when it comes to when people receive their money, there could be some changes. For example, if someone was supposed to get their August Social Security check on August 3rd, which falls on a Sunday, they would actually receive it earlier, on August 1st, which is a Friday.
Even though the payment dates might shift a little, the money people get will not change. So, retirees don’t have to worry about getting less if their date gets moved up.
