"The Act provided benefits to workers based on their lifetime earnings and was established to help provide retired citizens with federal old-age benefits. The Act was signed Aug. 14, 1935; lump-sum payments began 1937-1939 and monthly benefits started Jan. 1940. Since that time, millions of Americans have benefited from social security checks dispersed after their retirement"
"Social security benefits are based on a citizen's overall wage earnings. To find the 20 US cities (or census-designated places) with the highest social security income, 24/7 Wall St. used data from 2025's SmartAsset.com, an online financial technology company. We listed the top 20 cities where residents collect the most social security income and ranked them in descending order."
"You'll fall in love with Madison, Wisconsin, with just one drive through town. Slightly more than 13% of the city's population is 65 and over, all of whom enjoy outdoor activities during the day and a busy nightlife."
Social Security was established during the Great Depression to provide federal old-age benefits to workers based on lifetime earnings. The Social Security Act was signed Aug. 14, 1935; lump-sum payments were issued in 1937–1939 and monthly benefits began in January 1940. Millions of Americans have received benefits after retirement. Full retirement age is 66–67 depending on birth year, and benefits can be claimed as early as 62 with a reduction. Social security benefits are calculated from overall wage earnings. Data from 2025 SmartAsset.com were used to identify and rank the 20 U.S. cities with the highest social security income.
Read at 24/7 Wall St.
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