It is no secret that prices on everything have skyrocketed since 2021. This increase in prices has put a squeeze on retirees who are living on a limited budget.
According to the US Census, the median personal income for a retiree in 2023 is $52,575. That means that 50% of retirees have an income that is less than $52,575, and 50% of retirees have an income that is greater. And while $52,575 sounds like a lot of money, it really is not!
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