Why these states come out ahead
Social Security retirement benefits are calculated using the same four factors for everyone: how long you worked, how much you earned, your full retirement age, and the age at which you begin claiming.
Of those, earnings history is the biggest reason these states top the list. Benefits are based on your highest 35 years of inflation-adjusted earnings, so workers who earned higher wages throughout their careers generally receive bigger checks in retirement. Massachusetts, Washington, New Jersey, Maryland, Connecticut, and Virginia all rank among the top 10 states for average salary, while Minnesota and New Hampshire fall within the top 15. Higher paychecks during working years translate into higher benefits later.
It’s worth remembering, though, that many of these same states also have a high cost of living. A bigger raise in dollar terms doesn’t necessarily mean retirees there are better off once housing, healthcare, and taxes are factored in.
Mostly rich states that already get higher payouts. The lower payout states always get left out!
Being a Floridian, I grew up here, worked at lower wages than the states mentioned as the top ten, and when ever SS gets a boost it does not cover the increase in my supplemental insurances, my property taxes, property insurance, food, medicine. I hate when I see all these states paying their SS recipients extra and I do not think that is fair when in my state we do not get it but then most of the SS in Florida are people who worked and retired in other states that’s income was twice of what the same job would pay in Florida, therefore sort of robbing hard working Americans so much less than other states. I am 73 and still working because if I do not I lose my home or die due to no money to buy insulin. It makes me mad that they all come down to my beautiful state and make it to where we cannot retire and enjoy our senior years, because they drive all our prices up because we do not get the benefits like they did from working in other states.
This email message mentioned I have other benefits on my social security all I have to do is asked for them. So that’s what I am doing I would like to know what is required on my part
I don’t know where have been but we got raises every year since I started getting social security and Obama was in office then so feed your crap to someone that believe your find
Stay off the crack rocks…Crack Kills