In an era of above-average inflation and expensive healthcare, living on Social Security benefits can be tough enough without the added price of an expensive new car. This is not to say you have to get the cheapest car on the lot, but you just have to know which ones will save your money down the road through better fuel economy, higher safety ratings and a more affordable price tag to start.
If you are living off of Social Security, the maximum Social Security benefit possible is currently $5,108 per month for those who retire at age 70. That being said, the average Social Security check is currently around just $2,000 per month, but is projected to increase in 2026.
