Published on 28 May 2024 on Motley Fool via Yahoo Finance
Social Security can go a long way in retirement, but many seniors may struggle financially even with the help of their benefits.
According to Vanguard's 2023 How America Saves report, the median 401(k) balance among Vanguard account holders age 65 and older is just $70,620. Furthermore, the average retired worker collects just over $1,900 per month from Social Security, as of April 2024.
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