Social security accounts for about 80 percent of what a person previously made.

Name: Social security accounts for about 80 percent of what a person previously made.
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Social security generally replaces about 40% of a person's pre-retirement income, with higher earners receiving a smaller percentage and lower earners receiving a higher percentage. The maximum benefit currently paid out in 2021 is $3,148 per month, while the average benefit is around $1,500 per month.

Social Security Accounts for About 80 Percent of What a Person