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For many Americans who count on Social Security as the foundation of retirement income, it’s next to impossible to make do. Social Security retirement benefits averaged $1,862 per month in 2024 ...
As of 2022, the average expenditure per retiree (regardless of age) is $54,975, or about $4,581 a month, according to the Bureau of Labor Statistics. The biggest expenses for retirees each year ...
The average before-tax income for households of retired Americans in 2022 was $96,668, according to the central bank's Survey of Consumer Finances. The median before-tax income for this group was ...
Average retirement income varies widely across the U.S. In the state with the highest-income retirees, the average retired household brings in more than twice as much in the state with the lowest ...
Here's the rub, though: Actual retirees were among the survey respondents, and they said that on average, their monthly income was $4,170 -- or about $50,000 annually -- and that includes Social ...
In 2023, the average monthly retirement income from Social Security is $1,827. Keep in mind, though, that your Social Security benefits could be smaller.
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