I just love the tone of this article. SS was never meant to be lived on...
Millions of seniors collect Social Security, and without it, they'd be underwater on their bills. But how much income does Social Security actually provide?
At present, the average retiree gets $1,422 a month in Social Security benefits. But because recipients will be getting a 2.8% cost-of-living adjustment (COLA) next year, that figure will rise to $1,461 a month. This means that the average senior will get $17,532 in benefits for the year. And while that's certainly better than nothing, it's hardly enough to live on.
https://www.msn.com/en-us/money/ret...fit-for-2019/ar-BBOsgw1?li=BBnbfcN&ocid=edgsp
Millions of seniors collect Social Security, and without it, they'd be underwater on their bills. But how much income does Social Security actually provide?
At present, the average retiree gets $1,422 a month in Social Security benefits. But because recipients will be getting a 2.8% cost-of-living adjustment (COLA) next year, that figure will rise to $1,461 a month. This means that the average senior will get $17,532 in benefits for the year. And while that's certainly better than nothing, it's hardly enough to live on.
https://www.msn.com/en-us/money/ret...fit-for-2019/ar-BBOsgw1?li=BBnbfcN&ocid=edgsp
