According to the United States Census Bureau, in 2023, 35.8% of people aged 55-64 had no personal retirement savings. If you’re 65 and retiring with no savings, an average monthly Social Security check of $2,000 may not be enough. Consider downsizing your home or looking for lower cost areas to make your retirement dollars stretch further.

The rising real estate market has made it challenging for retirees to find affordable homes. Platforms like Arrived allow you to invest in shares of rental homes without property management responsibilities. By prioritizing value, you can also save on necessities like home insurance through platforms like OfficialHomeInsurance.com.

To make the most of your Social Security check, consider working while receiving benefits. You can earn up to $23,400 annually before full retirement age without affecting your benefits. After full retirement age, you can work and earn without reducing benefits. Consult with a financial advisor to maximize your retirement income and explore investment opportunities.

Read more at Yahoo Finance: I’m 65 and have no retirement savings, but I’ll be receiving a Social Security check every month. Can I live on that?