Best Cities to Stretch Your Social Security Check
The average Social Security benefit check for retired workers is $1,543 per month. If that’s your only source of income – as it is for about 40% of all retirees – then you probably want to live where you can get the most bang for your buck. Before you start packing your bags to move, check out this feature on Yahoo! News that uncovers the 20 best places to live off of only your Social Security check.
Factoring in the overall cost of living in each city, the median monthly rent, and livability scores, they were able to come up with a list of the top towns for seniors who want to get the most out of their golden years while relying solely on Social Security.
Wichita Falls, Texas, came in at number one. Surprisingly, three states dominated the top twenty list with Texas claiming seven spots, Indiana taking five, and three going to Ohio.
The fact that there were no metropolitan cities on this list illustrates exactly why we need bigger benefits. Social Security falls far short of meeting the financial needs of America’s retirees. The Seniors Trust is working hard to pass the Social Security Expansion Act. This legislation will put more money into seniors’ pockets and help shore up Social Security’s long-term solvency, ensuring its financial future.
