2 Stocks to Supplement Your Social Security Income
According to data published by the U.S. Social Security Administration (SSA) in December 2019, the median monthly benefit paid out to retired individuals is just $1,503. For disabled individuals, the average monthly benefit was just $1,258. The SSA estimates that approximately nine out of 10 persons aged 65 and up collect Social Security and anticipates paying more than $1 trillion to roughly 65 million people this year.
Social Security just doesn't cut it for many recipients for the simple reason that benefits are spread so thin across a substantial population of eligible recipients. The good news is, by investing in tried-and-true large-cap stocks, you can supplement your Social Security income and strengthen your financial position during an economic downturn. Let's take a look at two of my favorite top pharmaceutical stocks that could help you take control of your financial story.
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Source Fool.com
