As of 2025, the Average Social Security Retirement Benefit Check Is $1,976. Could Realty Income (O) Help Boost Your Retirement?

Most retirees are happy to receive a monthly check from Social Security. The fact is, however, these payments just aren't all that big. The average benefit right now stands at a modest $1,976 per month, or $23,712 per year. That's only part of most peoples' retirement income, of course. As The Motley Fool's own in-house research arm points out, pensions and other retirement savings push the United States' median annual retirement income figure up to $54,710, while the average annual income for the country's 65-and-up crowd is $83,950 (skewed higher by a small handful of enormous earners).Still, that's far from funding a posh lifestyle for most. That's why current and future retirees might want to think about ways of reliably boosting this income just to ensure they're able to cover all of their costs of living. Most seniors are dialing back their spending, in fact, including making cuts to their own medical care.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool