@thecompoundingcouple: Many people don't realize that the average monthly Social Security check in 2023 was just $1,827, amounting to less than $22,000 a year. Astonishingly, 30% of Americans rely solely on Social Security for their retirement income. The Social Security Trust Fund is projected to become insolvent by 2033, potentially leading to a 23% reduction in benefits if no changes are made. This underscores the critical importance of saving adequately for retirement, as individuals will need to bridge the gap themselves. Do you believe you are on track to retire comfortably without depending on Social Security?
The Compounding Couple
Region: PH
Thursday 18 July 2024 21:00:00 GMT
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