Social Security and Your Retirement Budget | Business and Finance News

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Recorded19 Aug 2026

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If you’re 65 or older, your average annual household spending is around $61,000—now likely closer to $65,000 with inflation. For a single person on average Social Security ($25,000/year), that’s more than half your expenses out of pocket. Married couples may cover most costs, but comfort depends on lifestyle, location, and retirement length. Use the Social Security Administration’s free “my Social Security” tool to estimate your benefits at different start ages—and compare them to your projected expenses. Don’t guess—know the numbers so you can plan for gaps, adjust spending, or boost income before retirement. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/30187dc14bd09189

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