Social Security Recipients Could Get $92 Richer Per Month in 2022 -- Maybe

Many seniors rely on Social Security to cover the bulk of their living expenses. But that's actually problematic.

For an average wage-earner, Social Security will replace roughly 40% of pre-retirement earnings. Most seniors, meanwhile, are advised to replace their income at a rate of 70% to 80%.

Having that extra income is crucial given the rise in senior healthcare costs through the years. And so those who depend heavily on Social Security often find themselves struggling financially.

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Source Fool.com