This Was the Average Social Security Benefit in 1975, and Here's What It Is Now
Ah, 1975. You may or may not remember much from that year, but it was when Gerald Ford was U.S. president, Saturday Night Live premiered on TV, and the Vietnam War ended. People were wearing bell-bottom pants and dancing to disco music, and a new home cost around $40,000, on average. The median family income back then was only $13,720.And how about Social Security for those who were retired back then? Well, the average retirement benefit was just $207 -- roughly $2,500 annually.Image source: Getty Images.Continue reading
Ah, 1975. You may or may not remember much from that year, but it was when Gerald Ford was U.S. president, Saturday Night Live premiered on TV, and the Vietnam War ended. People were wearing bell-bottom pants and dancing to disco music, and a new home cost around $40,000, on average. The median family income back then was only $13,720.
And how about Social Security for those who were retired back then? Well, the average retirement benefit was just $207 -- roughly $2,500 annually.
Image source: Getty Images.
