Is it possible to retire comfortably on Social Security alone? We asked seniors.
Is it possible to live comfortably in retirement on Social Security income alone?
Yes and no.
Alden and Dena Swartz draw nearly $4,000 a month from Social Security, the government program designed to support Americans in retirement. And they are struggling.
Gail Randle and her partner, Mike DellaVolpe, collect only $2,400 a month in Social Security benefits: Not quite $30,000 a year. And they are doing all right.
“We are frugal people,” said Randle, 73. “Almost everything in our house is recycled. Used, you know? Thrifted. But it looks nice. Everything works.”