We like to think that we know a little bit more about social security than the millennials, but there are a lot of myths floating around. Social security is something that we pay into our entire working life. We do this with the understanding that when we get older, we can stop working and keep getting paid.
For most Americans, the amount spent on housing each year makes up for their greatest expense (by far). In 2017, the combination of housing, food, and transportation reportedly averaged to account for over 60% of people’s annual spending in the United States.