Could You Live on $1,557 a Month in Retirement? Here's Why You Might Have To
Many people struggle to make ends meet despite earning a decent salary because the cost of living has consistently risen over time, making it harder for workers to keep up. In 2021, the median annual U.S. household salary is $79,000, according to the United States Department of Housing and Urban Development.
On a monthly basis, that comes out to $6,583. But many people may be forced to live on a mere $1,557 in retirement for one big reason.
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Source Fool.com