Here is the average income for retirees in the US

January 30, 2024

The triple threat of inflation, high interest rates, and a volatile stock market impacts even the savviest savers. Despite a slight drop in April's inflation (4.9%), the question remains – are incomes keeping up?

This Moneywise article highlights the average income for retirees in the US. While Social Security's average monthly benefit of $1,782 may not seem like much, particularly with a median income of $47,620 for those 65 and older, this reality is leading some retirees to consider returning to work out of financial necessity.

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Category: Reverse Market News

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