Just how much are those Social Security benefits really worth?
Scott Burns at The Statesman: “Just how much are those Social Security benefits really worth?”
The yield drought also makes Social Security benefits massively more important — and more valuable. With the average Social Security benefit check at $1,181.60 a month as of August, or $14,179.20 a year, the average retiree would need (are you ready for this?) about $1.4 million in a U.S. Treasury five-year obligation to get the same income as he or she now gets from Social Security.
Compare that with the average monthly Social Security benefit in 2000, $840, or $10,080 a year. At 6.16 percent, you needed just $162,843 in savings to provide the same income as Social Security. That kind of gets your attention, doesn’t it?