Social Security is the largest retirement plan in the United States, with more than 66.5 million Americans receiving monthly checks from the program. But how much does the average person get? In this video, Certified Financial Planner® Matt Frankel breaks down the latest statistics you need to know.
Here's a rundown of the average Social Security income and what it means to you.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.