3 Things You Might Have to Give Up If You Retire on Social Security Alone
Briefly

Retiring only on Social Security poses substantial financial challenges, given that the average monthly benefit is under $2,000, equating to less than $24,000 annually. Many retirees find themselves unable to afford adequate housing, healthcare, and leisure activities. While a pension remains available for some public sector employees, most private sector workers rely heavily on personal savings. As retirement approaches, individuals are encouraged to cultivate a strong financial nest egg to maintain a comfortable lifestyle without being solely dependent on Social Security.
Retiring on just Social Security could mean taking a serious pay cut, forcing individuals to give up on housing comfort, entertainment, and necessary healthcare.
A comfortable living space is crucial in retirement, especially for health and mobility needs. Relying solely on Social Security limits options for maintaining home.
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