Finances 50+

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Por Aliya S. King

By Aliya S. King

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Over half of New Jersey workers – 1. 7 million people - do not have access to a retirement savings plan through their employer. [1] Programs such as Social Security are critical to retirement security but do not provide enough for an individual to depend on during their retirement. The average Social Security benefit for a 65+ family is about $19,000 a year, though on average older New Jersey families spend $23,000 a year of food, utilities, and health care alone. [2] The math is clear…..New Jersey families cannot rely on Social Security alone for a secure financial future.

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By Christina Hernandez Sherwood