This video discusses the average retiree's total income in the US across all income sources. This data comes from the newly released, October 2023, Survey of Consumer Finances (Federal Reserve Board). We cover mean and median income for those ages 65 to 74, and show you things you need to consider to adjust these numbers to your particular circumstances. We also provide limited information on retirement income in the US for those aged 75+.

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Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
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Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.