This Is the Average Social Security Benefit. How Does Yours Stack Up?
Social Security benefits can be a lifeline for millions of older Americans. In fact, around 37% of men and 42% of women rely on their monthly checks for at least half of their income in retirement, according to the Social Security Administration.
While everyone's retirement needs are different, sometimes it can be helpful to see how your benefit amount stacks up to the average. And if your payments are falling short, there are a few things you can do to boost your monthly income.
Your benefit amount is based on several factors, including the length of your career, your lifetime earnings, and the age you begin claiming.
Source Fool.com
