Social Security is a topic of much discussion, and for good reason. As per the Social Security Administration (SSA), nearly 69 million Americans receive some kind of Social Security benefit. This includes retired workers and their dependents, disabled workers and their dependents and survivors.
The average Social Security benefit for retirees is just under $2,000. But while the program was initially designed as a way to supplement retirement income, many recipients rely on it as a primary source of income. In fact, benefits account for 31% of overall income for those ages 65-plus.
