From Nasdaq: 2025-02-17 10:15:00

In 1975, a new home cost $40,000, while the average retirement benefit from Social Security was only $207 a month. Fast forward to 2025, and the average monthly benefit is $1,975, or around $23,700 annually. The disconnect between working people’s incomes and retirees’ benefits remains stark, highlighting the need for multiple income streams in retirement. For those looking to maximize their Social Security benefits, little-known strategies could potentially add $22,924 more each year to their retirement income. However, the key is to plan ahead and ensure financial stability during retirement.



Read more at Nasdaq: This Was the Average Social Security Benefit in 1975, and Here’s What It Is Now