Social Security's Shocking Facts

Real Estate Agent with Bill Cherry, Realtor 0124242

Social Security Problems

Several recent studies have shown some interesting facts about our Social Security Administration and how our deposits are being handled on our behalf.

Here are a few of the major points:

  • There are approximately 46,000,000 Americans getting a Social Security check each month
  • The average retired worker received about $1,400.00 last month, and that equates to just shy of $17,000.00 a year
  • The US Government defines the poverty line for a single person at approximately $12,000.00 a year.
  • Therefore, the average retired worker, living on their Social Security benefits,is  receiving only $5,000.00 each year above the poverty line

And even more shocking, today, the buying power of the Social Security payments is 34% LESS than it was in 2000!

This trend sees no reversal at this point, especially when a significant number of those in office and their supporters want to continue raiding Social Security, and making it an even less significant part of a worker's retirement income.

Yesterday, I prepared a lecture on the subject and recorded it for the benefit of my wealth advisory clients and the public. Here's the link.  I hope that you will take 11 minutes to watch it from beginning to end, and that you will also share the link with your family and friends.  Click here. Social Security

Park Avenue Wealth Advisors, LLC
William Cherry, Realtor
214 503-8563



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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Bill... the days of being able to live off of one's social security check are long gone and too many people don't realize it unfortunately.

Jul 08, 2018 06:36 AM #1
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello BILL CHERRY very valuable report about Social Security.

Jul 08, 2018 09:51 AM #2
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I look at Social Security as the largest (legal) ponzi scheme ever. As you accurately point out it's been pilfered for years and is now being funded by current workers not what was put in by the recipients years ago. And don't get me started on these laughable "cost of living" increases...

Jul 08, 2018 02:40 PM #3
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