Getting by on Social Security
Most people heading into retirement aren't worried about what to do with all that free time — instead, they're wondering how they'll afford it. According to the Social Security Administration, about 21% of married couples and 43% of single seniors rely on Social Security for more than 90% of their income. Unfortunately, the benefits typically replace only about 40% of pre-retirement earnings. Cheapism asked finance experts across the country for tips to help make ends meet on Social Security alone.
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