Reported about 1 year ago
The typical retiree has received an average monthly Social Security benefit of $1,907 in the first half of 2024, totaling $11,442 so far. This amount, while helpful, is not enough to sustain a retiree comfortably, as Social Security benefits are only meant to cover about 40% of pre-retirement earnings. Retirees should also rely on retirement savings and pensions for the remaining income needed in retirement.
Source: YAHOO