If you're getting your Social Security checks at the earliest age possible, your average benefit may be lower than you'd think.

In June 2025, the Social Security Administration is set to achieve a historic milestone as average monthly retirement benefits exceed $2,000.

For millions of Americans, Social Security is a lifeline, not a luxury. As benefits surpass $2,000, retirees face a paradox: higher checks but dwindling purchasing power due to inflation.