Tag Archives: americans

Social Security Checks are Lower than Many Americans Expect, Survey Finds

Americans hoping to fund their post-work years on an average Social Security check of $1,410 a month may want to rethink their retirement savings plans.   Continue reading

5 Ways for Congress to Back Retirees

By Jennie L. Phipps · Bankrate.com

posted Thursday, January 15, 2015

  • Being old and poor in the U.S. isn’t easy — or uncommon.

In 2010, about 26 percent of people 65 and older had individual incomes that were between the federal poverty level — $10,458 — and 200 percent of the poverty level — $20,916. Another 9 percent had incomes below the federal poverty level, according to the U.S. Census Bureau.

That adds up to more than a third of people 65 and older living on less money than it takes to enjoy a secure retirement. Continue reading