Canadian researchers find a simple cure for cancer, but major pharmaceutical companies are not interested. Researchers at the University of Alberta, in Edmonton, Canada have cured cancer last week, yet there is a little ripple in the news or in TV.
Social Security recipients will get a 1.7% cost-of-living raise starting in January, the Social Security Administration announced Wednesday. For the average retired person receiving Social Security, monthly payments would rise $22 to $1,328 from $1,306. The average couple's benefits would rise to $2,176 from $2,140. Average annual payout: $15,936.
Now, back to the main question: How much does the average American actually get from the Social Security system? There isnât a uniform answer, as there are many factors at play. But overall, numbers from the Social Security Administration show the average for all Social Security receipts is $1,249.55 per month, and for retired workers (over the age of 65), itâs $1,363.66 (as of February 2017).