Is It Possible to Retire on Social Security Alone in 2024?
If you don't anticipate having a ton of retirement savings, or simply want to know if you really need to save aggressively for your retirement, the question of "Can I live on Social Security alone?" is a perfectly valid one to ask. The average retired worker gets $1,915 per month, and this may or may not sound like enough to you.
The short answer is that you'll always be in better financial shape with a significant retirement nest egg, but in some cases it could be possible to make ends meet on Social Security alone. Here's a quick rundown of how you can determine your own retirement income needs, and why Social Security income means different things to different households.
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Source Fool.com
