3 Reasons You Shouldn't Expect to Live Off Social Security Alone in Retirement

3 Reasons You Shouldn't Expect to Live Off Social Security Alone in Retirement

The average senior gets about $1,673 per month from Social Security, which comes out to just over $20,000 per year. It would be great if we could all live off Social Security alone in retirement, but that's just not realistic for most people. The Social Security Administration designed the program to replace about 40% of the average worker's pre-retirement income, although it doesn't provide a clear definition of what average earnings are.