The Reason I do this.... Bone Chilling Article (Patreon)

Here’s What It’s Like to Retire on Almost Nothing but Social Security aka State Pension

1. Many Americans retire with little to no savings and rely almost entirely on Social Security benefits.
2. Social Security was not originally intended to fully support retirees, and it now replaces only about 40% of a typical worker's income at age 65.
3. The average monthly Social Security check is around $1,900, which does not go as far as it once did due to inflation and rising living costs.
4. Four retirees with limited incomes share their experiences and financial challenges in retirement.
5. Eric Miller, a former chef, had to retire early due to a heart condition and now lives on a monthly Social Security check of $1,400. He has no debt and is proudly debt-free.
6. Kathy Rote, an advocate for people with disabilities, lives on a monthly Social Security check of $1,040. She owns her home and receives discounts on property taxes, utilities, and wireless bills.
7. Joyce McKiney, a former retail and healthcare customer-service representative, regrets not learning more about money and pursuing higher education. She lives on a monthly Social Security check of $1,800 and has found ways to stretch her budget.
8. Barbara Talisman, a former fundraiser, retired at 62 and now lives a nomadic lifestyle, traveling the world and relying on her $1,970 monthly Social Security check.
9. These retirees have found ways to live on their limited budgets, such as downsizing, using subsidized senior transportation, and taking advantage of free or low-cost activities at senior centers.
10. Despite their financial challenges, these retirees have found ways to maintain fulfilling lives in retirement by focusing on what is most important to them and finding joy in their hobbies and relationships.

shout out to Sanjay for asking me to share with the community - 

"Forewarned is forearmed."