We Still Don't Understand Social Security, And A New Survey Confirms It

There's arguably no program more important to retired workers in this country than Social Security. Despite the average retired worker's paycheck only amounting to roughly $1,411 a month as of April 2018, Social Security payouts account for at least half of all income for 62% of retirees and essentially all monthly income (90% plus) for 34% of retirees. Furthermore, an analysis from the Center on Budget and Policy Priorities that was conducted in 2016 found that 22.1 million people are being kept out of poverty as a result of their monthly Social Security payout.

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