How Much Does Social Security Really Cover in Retirement?

How Much Does Social Security Really Cover in Retirement?

Prepare yourself for some startling Social Security statistics: According to the Social Security Administration (SSA), Social Security benefits on average make up about 30% of elderly Americans' income. How much are Social Security benefits? For the best estimate of how much you will receive in Social Security benefits in the future, head over to the SSA website and set up a "my Social Security" account.