Social Security Benefits: States With The Highest And Lowest PPI Payments – Community News
Social Security

Social Security Benefits: States With The Highest And Lowest PPI Payments

update

29/09/2021 –
10:22

tThe US definition of Social Security is a federal insurance scheme that provides benefits to retirees and the unemployed or disabled.

In America, a large number of retirees – 40 percent – rely solely on this Social Security to live, so the importance of PPIE (Payment Protection Insurance) payments made are important.

The Adjustment of the cost of living (COLA) for social security – for people who no longer work, do not commute and no longer have a fixed salary – is currently at 1.3 percent and is calculated based on what people who work pay for certain things.

Five States With The Highest Social Security Benefits

The following five states are expected to see: the highest average social security benefits:

5. Maryland

Number of retirees who are beneficiaries: $742,552

2021 Average Benefits: $1,645.49 per month, $19,746 per year

4. New Hampshire

Number of retirees who are beneficiaries: $220,989

2021 Average Benefits: $1,665.80 a month, $19,990 a year

3. Delaware

Number of retirees who are beneficiaries: 162,952

2021 Average Benefits: $1,680.00 per month, $20,164 per year

2. Connecticut

Number of retirees who are beneficiaries: 512,703

2021 Average Benefits: $1,707.20 a month, $20,486 a year

1. New Jersey

Number of retirees who are beneficiaries: 1.21 million

2021 Average Benefits: $1,711.39 a month, $20,537 a year

Five States With The Lowest Social Security Benefits

The following five states are expected to see the lowest average Social Security benefits:

5. Arkansas

Number of retirees who are beneficiaries: 450,419

2021 Average Benefits: $1,465.71 per month, $17,589 per year

4. New Mexico

Number of retirees who are beneficiaries: 307,967

2021 Average Benefits: $1,459.65 per month, $17,516 per year

3. Maine

Number of retirees who are beneficiaries: 242,442

2021 Average Benefits: $1,455.43 a month, $17.465 a year

2. Mississippi

Number of retirees who are beneficiaries: 429,412

2021 Average Benefits: $1,445.69 per month, $17,348 per year

1. Louisiana

Number of retirees who are beneficiaries: 559,820

2021 Average Benefits: $1,440.32 a month, $17.284 a year