The amount of Social Security payments that an individual receives is determined by a convoluted formula that takes into account both the taxpayer’s age at the time of application and the amount of money they earned over the course of their working life.
The greatest amount of money that a retired person could get from Social Security was $4,194, while the average amount of money that retired employees received from the program in January 2022 was $1,657.
accessed data from the Social Security Administration regarding the total benefits paid by the state, as well as the number of Social Security beneficiaries in each state, in order to determine which states received the most Social Security.
This allowed us to determine which states received the most money from the program. Only Old-Age, Survivors, and Disability Insurance, sometimes known as OASDI, was taken into consideration for the purposes of this study.
There was no consideration given to Supplemental Security Income (SSI). The ranking of the states is done in reverse order, with the state that receives the greatest Social Security benefits coming in the first place.
Take a look at the top 10 states in terms of the amount of funding they get.
10. Georgia
The total amount of Social Security benefits received in Georgia was $2.65 billion
The total number of people who received the award is 1,902,790
9. The state of North Carolina
Total Amount Received from Social Security: $3.12 Billion
Number of People Who Have Received This: 2,183,353
8. Illinois
3.32 billion dollars in total payments received from Social Security
Number of People Who Have Received This: 2,274,372
7. Michigan
3.36 billion dollars in total payments received from Social Security
Number of People Who Have Received This: 2,250,141
Read More:
- To Equal the Value of Social Security Payments in 2000, They Must Be $540 Higher Now!
- How Much Will Social Security Benefit the Average Senior Citizen?
- Most People Will Not Reach the Maximum Social Security Benefit of $4,194 Why It Is Irrelevant!
6. Ohio
3.34 billion dollars in total payments received from Social Security
Number of People Who Have Received This: 2,405,217 in Total
5. Pennsylvania
Total Amount Received from Social Security: $4.25 Billion
Number of People Who Have Received This: 2,877,728 in Total
4. The Big Apple
5.40 billion dollars in total payments received from Social Security
The total number of people who received the award is 3,680,264.
3. Texas
Total Amount Received from Social Security: $6.11 Billion
Total number of people who received the award: 4,421,803
2. Florida
Total Amount Received from Social Security: $6.94 Billion
Number of People Who Have Received This: 4,840,275
The state of California
The total amount received from Social Security was $8.66 billion
6,150,009 people have been awarded this prize altogether