Want $3,895 per Month in Social Security Benefits? Here's the Salary You Need
Social Security benefits are a substantial source of income for many retirees. However, the average benefit amount is just over $1,500 per month, or around $18,000 per year, according to the Social Security Administration.
Considering $18,000 per year is barely above the federal poverty line, the average retiree won't be able to survive on Social Security benefits alone.
One solution is to boost your retirement savings to supplement your income during your senior years. Another option, though, is to increase your Social Security benefits.
Source Fool.com
