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Here's Exactly How to Beat the Average $1,835 Social Security Benefit

TheMotleyFool

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Here's Exactly How to Beat the Average $1,835 Social Security Benefit: https://g.foolcdn.com/editorial/images/735767/two-older-people-sitting-outside-drinking-coffee-and-smiling.jpg

Social Security is an integral source of income for millions of retirees. Around 37% of men and 42% of women rely on their benefits for at least half of their retirement income, according to the Social Security Administration.

However, as of April 2023, the average retired worker receives around $1,835 per month in benefits -- or just over $22,000 per year. That's hardly enough for most retirees to live on, especially as costs continue to surge.

The good news, though, is that your benefit amount isn't set in stone. If your goal is to beat the average benefit, there are three strategies that can get you there.

Source Fool.com

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