How much you receive from Social Security depends on several factors, but principally how long you worked, how much you earned each year and what age you retire at. Where you live can make a difference as you build up your future retirement fund, and once you retire, just how far the monthly payments will go.
It shouldn’t come as a surprise that the average monthly payment in states with higher incomes is generally larger than states with lower median incomes. But the larger monthly payments don’t mean those Social Security recipients are necessarily living the life of luxury.
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