President-elect Joe Biden and his wife, Jill, received a combined $52,595 in Social Security benefits in 2019, according to the future first couple's tax returns. 

While this may not seem like much relative to their annual combined income of $944,737 that year, it's a lot more than the typical senior couple received. In fact, Social Security's data indicates an older couple both receiving benefits in 2019 would receive an average of $2,491 per month or $29,892 per year. That means the Bidens beat the average by $22,703. 

So how come the Bidens are doing so much better than most Americans with Social Security? There's one simple reason. 

The Bidens get a larger Social Security benefit than the typical American because they earned more over their careers than most people. And benefits are based on average wages throughout your working life. Lower and middle income workers get benefits equaling a larger percentage of their average wages than high earners because the Social Security benefits formula is progressive -- but a higher average wage still always leads to at least a slightly larger benefit.  

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