Can an Average Couple Live on Social Security Alone?
It's very hard to make ends meet if you plan to live on Social Security alone. It's possible, but it's not a situation you want to put yourself in, because living solely on your Social Security check means making sacrifices in where you live, what you eat, and whether you spend money on things many people consider basic necessities, like internet, cable, and even air conditioning or heat.
If you have no retirement savings, however, it's a little easier to get by if you're part of a couple simply because your biggest expense -- housing -- does not double. Living either alone or with one other person basically costs the same amount of money.
The best thing you can do is start saving now. Image source: Getty Images.
Source Fool.com
