Do millionaires get social security? (2024)

This question is about social security statistics.

By

Zippia Team

- Jun. 29, 2022

Yes, many millionaires and even billionaires can receive Social Security. In fact, Warren Buffett is one of the richest men in the world (worth $127.3 billion), qualified for, and has received Social Security benefits.

More specifically, if a millionaire or billionaire's income was greater than the maximum taxable Social Security wages in each of at least 35 years, they could qualify to receive $2,687 per month at age 66. Further, if they wait until age 70, they could be entitled to as much as $3,547 per month.

Do millionaires get social security? (1)

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Do millionaires get social security? (2024)
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