Social Security is a lifeline for many retirees, but the average retired worker only collects around $1,800 per month as of September 2023. That can make it tough to survive on benefits, especially if your savings are falling short.

However, it's possible to receive much more than the average amount from Social Security. In 2023, the maximum you can collect is $4,555 per month -- but that number will be going up next year. While that's a good thing for those nearing retirement, there's bad news, too.

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Source Fool.com