What Is the Social Security Statistic?

Social security replaces about 40% of people's income when they retire on average. But social security is talking about forty % of average career income. And so if you're someone like most people, who started off earning minimum wage, and then work your way up to an average amount of income, or maybe a high amount of income it won't be based on that last income. It'll be averaged out over your whole career. So in my case, i'm retired now, i found out that i would get something like 19%. That was considerably less than i had expected.