How exactly is the average American bringing home just a pension or social security going to navigate the expenses for retirement when the average monthly Social Security retirement benefit is $1,366, which amounts to $16,392 per year (Jun 9, 2017)."The median annual cost in 2018 was $48,000 for assisted living, $50,340 for a home health aide who works 44 hours a week. (1)"
(1) Kipler magazine. https://www.kiplinger.com/article/retirement/T063-C000-S002-countdown-to-retirement-10-years-away.html?rid=SYN-yahoo&rpageid=19847
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