Here's What Social Security Pays the Average American
It's no secret that countless Americans rely on Social Security to stay afloat financially in retirement. But an alarming number of workers are placing way too much emphasis on those benefits and aren't saving on their own.
And that's a major problem. The average American currently collects just $1,360 a month, or $16,320 a year, in Social Security benefits. And while that can serve as a nice supplement to another source of income, if that's the only money you're looking at in retirement, you may be in for a rocky ride.
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Source: Fool.com
