2 Stocks to Supplement Your Social Security Income

According to data published by the U.S. Social Security Administration (SSA) in December 2019, the median monthly benefit paid out to retired individuals is just $1,503. The SSA estimates that approximately nine out of 10 persons aged 65 and up collect Social Security and anticipates paying more than $1 trillion to roughly 65 million people this year. The good news is, by investing in tried-and-true large-cap stocks, you can supplement your Social Security income and strengthen your financial position during an economic downturn.