Why a $4,194 Social Security Benefit Isn't as Great as It Seems

Why a $4,194 Social Security Benefit Isn't as Great as It Seems

In 2022, the maximum monthly Social Security benefit is $4,194 per month. For retirees receiving closer to the average monthly benefit of $1,657 per month, a Social Security check that produces a whopping $50,328 in annual income may seem extremely generous. The reality, however, is that getting a $4,194 Social Security check actually isn't as great as it appears.