The average retired worker collects around $1,925 per month in Social Security benefits, according to the most recent data from the Social Security Administration. But it's possible to earn far more, with the maximum benefit capped at a whopping $5,108 per month in 2025.

Get all the news you need in your inbox each morning ... "Let’s be crystal clear: this bill would increase unfairness in how Social Security benefits are calculated," Grassley, R-Iowa, said in a speech on the Senate floor last month.

President Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers,