5 Things the Average Social Security Benefit Can Pay For

Maurie Backman, The Motley Fool
·3-min read
5 Things the Average Social Security Benefit Can Pay For

You'll often hear that Social Security won't go very far in helping you attain financial security in retirement. The average senior today collects $1,519 a month, which translates into a little over $18,000 in annual income. Fortunately, the average monthly Social Security benefit is high enough to cover the $1,484 deductible you'll face in 2021.