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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. 
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