US Markets
Home›US Markets›Sectors›Dave Ramsey says many Americans risk retirement shortf…
Dave Ramsey says many Americans risk retirement shortfalls via Social Security
The article cites that Social Security is designed to replace about 40% of pre-retirement income, while the average 2026 monthly benefit is estimated at $2,071.
Moneywise, part of Yahoo Finance, highlights warnings from Dave Ramsey that nearly 50% of Americans make a major Social Security mistake and outlines a three step approach to improve retirement planning.
The story points to Ramsey Solutions research that only about one in 10 Americans save 15% or more of their income for retirement, a level industry experts recommend to build adequate savings.
It also notes that Gallup data show nearly 62% of retired Americans rely on Social Security as a major source of retirement income, but the program is intended to replace just about 40% of pre-retirement earnings.
The article adds macro context, citing a June 2026 U.S. personal savings rate of 2.7% and giving an estimated average monthly Social Security retirement benefit for 2026 of $2,071.