Worried You Won't Have Enough Retirement Income? This Social Security Move Could Help.
The average retirement income for U.S. adults aged 65 and over is $75,020. On a monthly basis, that's about $6,252.
But if you're counting on Social Security to provide you with that much income, you'd better rethink your plans. As of January 2024, the average monthly Social Security benefit was $1,907, and this year, the maximum monthly benefit Social Security will pay is $4,873. However, only people who were high earners during their careers can qualify for a benefit that high.
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Source Fool.com
