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.

If your senior clients are experiencing these challenges, consider introducing the game-changer of a Reverse Mortgage! Unlocking the potential of their assets with a Reverse Mortgage provides financial flexibility, to help achieve the goal of a comfortable retirement.

Category: Reverse Market News

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