The data from the Social Security Administration shows that social security benefits make up about 30% of all of the elderly’s income. The average that is expected to happen in 2022 is about $1,657 per month. Some things to note however, is that if you make more money in your career, you will have more in your social security benefits. Another thing to note is how long you have been working. That makes an impact as well.
Key Takeaways:
- The estimate for 2022 has income expected to be around $1,657 per month.
- The monthly average also depends on how long you have been working.
- Another thing to note is that the more money you make in your career, the more you will get later on.
“Just remember that you need enough in your retiree days to meet your own needs, not to keep up with the Joneses.”
Read more: https://smartasset.com/retirement/average-retirement-income
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