This Was the Average Social Security Benefit in 1994, and Here's What It Is Now

It's fun to travel in the Wayback Machine. Consider, for example, that 30 years ago, in 1994, a gallon of gas cost around $1.11. More recently, it's averaged $3.03 in the U.S. A new house cost around $155,000 back then, and single-family homes recently sold for a median price of $406,000.Image source: Getty Images.Social Security benefits also change over time, thanks to cost-of-living adjustments (COLAs). The table below shows how average benefits have changed:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool