The Average Social Security Benefit Is Way Lower Than You Would Expect. Here's Why.
If you're hoping your Social Security benefits will be enough to support you, a look at the average benefit may prompt you to reconsider.
Social Security provides crucial financial support for elderly Americans. However, it's really important that you don't overestimate what these benefits will do for you in your retirement.
Unfortunately, many people assume Social Security will provide more income than it actually does. A quick look at the average benefit will show you the truth.
And, while the number may shock you, it's far better to know early on that the program isn't going to be enough to live on than to discover this once you reach retirement age and hope to start relying on your payments.
