Your deteriorating health prevents you from doing many activities and that includes working. You take the next crucial steps in filing for Social Security disability (SSD) benefits. If you qualify for the benefits and the government approves your claim, you can provide some financial support for your family.
But you wonder whether the money you shall receive will be enough. How much will you get? You realize that some budget-related belt-tightening is in store. A key factor that determines your benefits total is the amount you already paid into the Social Security system.
Average amount: $1,258
Although you have had a decades-long working career, you remain a few years short of your designated retirement age. In such cases, generally, your monthly SSD benefits will be a bit less than the amount received from the Social Security Administration (SSA) if you worked until the full retirement age.
The SSA’s annual statistical report released last fall disclosed that workers accounted for 86% of people who received disability benefits in 2019, and the average age was 55. The 2.72 million workers in the 60 to 64 age group accounted for the highest number of SSD benefits recipients, followed by the 2.04 million workers in the 55 to 59 age group.
The average monthly SSD benefit was close to $1,258. Also, male workers got nearly $260 more per month than female workers, getting $1,384 compared with $1,128.
The more you paid to SSA, the more you receive
Here is list of worker ages and the average SSD benefits received in 2019:
- Ages 25 and younger: $680, men; $663, women
- Ages 25 to 29: $787, men; $771, women
- Ages 30 to 34: $910, men; $864, women
- Ages 35 to 39: $1,016, men; $959, women
- Ages 40 to 44: $1,113, men; $1,029, women
- Ages 45 to 49: $1,216, men; $1,075, women
- Ages 50 to 54: $1,310, men; $1,108, women
- Ages 55 to 59: $1,422, men; $1,145, women
- Ages 60 to 64: $1,553, men; $1,196, women
- Ages 65 to full retirement age: $1,609, men; $1,218, women
The SSD benefits will help you and your family weather this difficult time. Even though you are no longer working, bills such as ongoing medical expenses still must be paid.