In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.

More Georgians will become eligible for Social Security benefits in 2025. But the Social Security full retirement age is increasing. Here's more.

Social Security is critical to many millions of retirees, keeping lots of them above the poverty line. Whether it keeps you solvent or just enhances your financial security in retirement, Social Security is likely to be an important source of retirement income.

“FRA is 66 years and 8 months for people born in 1958 and 66 and 10 months for those born in 1959; people born May 2, 1958, through Feb. 28, 1959, will reach it in 2025. Under current law, it will settle at 67 for people born in 1960 and afterward.”

Social Security faces a potential funding shortfall by 2033-2035, with one key factor being the $168,000 payroll tax cap that hasn't kept pace with rising high-end incomes. Removing this cap could address 70% of the projected deficit,

The average Social Security benefit will reach $1,976 per month in January 2025. It could crack $2,000 per month for the first time as the year continues. While these larger check