This Is the Average Social Security Benefit in 2022
Many people let their retirement savings fall by the wayside and instead rely heavily on Social Security to cover their senior living costs. But if that's your plan, you may be surprised to learn that Social Security doesn't pay as much as you might think it does.
Next year, seniors on Social Security are getting their largest raise in decades. But even in spite of that, the typical monthly benefit may not do a great job of helping recipients cover their expenses.
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Source Fool.com