This Is All You Can Buy With the Average Social Security Check [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
Learn More: Social Security 2024: 6 Changes That Impact Your Benefits Read Next: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy As of March 2024, the average Social Security benefit for retired workers is $1,913.31 per month. Depending on where you live and how frugal you are, the money can be used to cover a lot of expenses. Social Security is designed to replace about 40% of your earnings, so it's not intended to become your only source of income during retirement. Still, you might be surprised at what you can and can't afford on the average Social Security check A Place To Live for Under $1,500 A GOBankingRates study found 30 cities where retirees can find rentals that won't break the bank. The average Social Security check covers rent in these cities: Sioux Falls, South Dakota Fort Wayne, Indiana Des Moines, Iowa Akron, Ohio Lincoln, Nebraska Omaha, Nebraska Oklahoma City, Oklahoma San Antonio, Texas Columbus, Ohio Pitt
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