Social Security: 3 Signs You're on Track to Beat the $1,657 Monthly Average

Social Security benefits can be a lifeline in retirement, especially if your savings are falling short.

Although Social Security is only designed to replace around 40% of your income, around 37% of men and 42% of women depend on their benefits for at least half of their income in retirement, according to the Social Security Administration.

Exactly how much you'll receive in benefits depends on several factors, but the average retiree will collect around $1,657 per month in 2022, up from $1,565 per month in 2021. Are you on track to beat that average? Here are three ways to tell.

Source Fool.com