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This Is All You Can Buy With the Average Social Security Check

GOBankingRates Logo By Michael Keenan of GOBankingRates | Slide 1 of 16: When you’re budgeting for retirement, it helps to know how much is Social Security and how far you can stretch the average benefits. As of September 2017, the average Social Security benefit is $1,259.06 per month.Social Security is designed to replace about 40 percent of your earnings, so it’s not intended to be your only source of income during retirement. However, depending on where you live and how frugal you are, you can still stretch the average Social Security benefit to cover a lot of expenses.

This Is All You Can Buy With the Average Social Security Check

When you’re budgeting for retirement, it helps to know how much is Social Security and how far you can stretch the average benefits. As of September 2017, the average Social Security benefit is $1,259.06 per month.

Social Security is designed to replace about 40 percent of your earnings, so it’s not intended to be your only source of income during retirement. However, depending on where you live and how frugal you are, you can still stretch the average Social Security benefit to cover a lot of expenses.

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