Can You Really Retire on Social Security Alone?

Can You Really Retire on Social Security Alone?

Around 40% of retired Americans say they rely on Social Security "completely" in retirement, according to a recent survey from The Motley Fool. Many workers are also heading into retirement expecting to depend heavily on Social Security. In fact, roughly one-quarter of workers say their benefits will be their primary source of retirement income, a 2022 report from the Transamerica Center for Retirement Studies found.