Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

11 Myths About Social Security Finally Debunked

October 14, 2019 · Saving & Spending

‘I’ll be alright if I only rely on my Social Security.’

The average amount per month that seniors have collected in 2019 was $1,461. You’d earn around the same wage in a low paying position in the fast-food industry so ask yourself, is that really enough? You have to consider a lot of factors, including health-related costs. 
So don’t rely on Social Security alone to help you out during retirement. If you’re able, you should consider saving some money separately while tightening your budget. 
Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Senior woman working on a laptop resting on a lap desk while seated comfortably in an armchair with an ottoman. 11 Side Gigs Perfect for Retirees With Mobility Limitations
  • A woman sits at a wooden table reviewing financial documents and account statements beside a window and bookshelf. 9 Things to Do With Inherited Retirement Accounts
  • Senior couple in a sunlit living room with large windows, one looking outside and one browsing a wooden bookshelf. 8 Reasons Retirees Are Choosing Co-Ops Over Condos
  • A smiling senior vendor weighing produce on a hanging scale for a customer at a sunny outdoor farmers market. 7 Part-Time Jobs at Farmers Markets and Local Fairs for Seniors
  • Mature man reviews Social Security paperwork and a US passport at an outdoor table overlooking a coastal European city. 7 Social Security Rules for People Who Worked Overseas
  • An older woman talks with an adult woman across a sunlit wooden table set with tea and a notepad. 10 Things Retirees Wish Their Kids Knew About Their Finances
  • A senior couple with luggage stands on an outdoor train platform, checking a travel brochure beside a passenger train. 12 Places Where Retirees Can Afford Both Rent and Travel
  • Mature woman sitting thoughtfully at a wooden table with financial papers, an open planner, glasses, and a steaming mug. 7 Retirement Account Rules That Changed Recently
  • Senior couple walking arm in arm along a brick sidewalk past a bakery, bookstore, and cafe table with coffee. 11 Signs You've Chosen the Right Retirement Town
  • Older couple reviewing tax returns and moving paperwork at a table with cardboard boxes stacked behind them. 7 Tax Surprises for Retirees Who Move Across State Lines

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

30 Shocking Retirement Facts to Help You Prepare Your Nest Egg

2. Older People Value Older Workers One thing that keeps many seniors up at night…

Read More →

Qualified Charitable Distributions Can Lower Your Taxes! Find Out How

A smiling senior woman hands a potted plant to a young girl at a community…

Read More →

If You Want to Retire Early Cut These 5 Expenses Now!

Groceries Consider using coupons or reducing the amount of food you buy monthly if you…

Read More →

Stay Away From These 15 Deals When Shopping at Walmart

Discover the 15 worst deals at Walmart that drain your retirement budget, from electronics traps…

Read More →

9 Things Seniors Didn’t Know They Could Get for Free or Discounted

National parks and historic sites There’s talk about reviewing Senior Pass programs, so now’s the…

Read More →
An older couple in a cozy living room reviews a bank statement with a magnifying glass as paper money-airplanes float up.

10 Subscription Services Retirees Are Cancelling to Save Money

Discover 10 subscription services retirees are cancelling to eliminate recurring financial waste, cut cable costs,…

Read More →

10 Things You’ll Need To Give Up Now for a Comfortable Retirement

Massages and other luxuries There’s nothing wrong with allowing yourself a day of pampering every…

Read More →

10 Things You’ll Spend A Lot On In Retirement

Health Care It should come as no surprise that health care costs are higher in…

Read More →
An active senior couple happily taps a transit card to board a modern city light rail train during warm afternoon light.

Why Some Retirees Are Eligible for Free or Reduced Public Transit Passes – See If You Qualify

Learn how retirees can drastically lower their transportation expenses by qualifying for free or reduced-fare…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.