They Learned The Average Retiree Gets Just $1,424 At 62 And $2,275 At 70. Now They're Warning, Whatever You're Saving, 'Double Or Triple It'

Many people aren't saving enough for retirement, and when they learn how much Social Security actually pays, it's a shock. Trying to live on it alone can mean getting by on as little as $1,424 a month at 62, according to Social Security Administration data, or about $2,275 at 70, amounts many say don't come close to covering basic costs. That reality hit hard in a recent online discussion after one Reddit user in the r/MiddleClassFinance forum shared those averages. “Holy cow,” the post read. “Whatever ...