Social Security Isn’t Enough: 3 Alternate Income Sources for Retirees

Core Insights - The article highlights that many retirees rely heavily on Social Security for their income, with some depending solely on it for their living expenses [1] - The average monthly benefit for retirees receiving Social Security is approximately $2,015 [1] Group 1: Social Security Dependence - A significant number of retirees receive the majority of their income from Social Security [1] - Some seniors manage to live on Social Security alone, although their quality of life may be compromised [1] Group 2: Financial Implications - The average retiree's monthly income from Social Security is about $2,015, indicating potential financial challenges for those solely relying on this source [1]