Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'

• More than half of baby boomers have less than $250,000 in assets, per Retirement Income Institute. 
• With limited savings, older adults are dependent on just over $1,000 monthly in Social Security.
• For many, Social Security income is insufficient to cover groceries, healthcare, and bills. 

Virginia Hambrick, 66, is retired but worried she will have to return to work. Her savings are long gone, and her $1,625 monthly Social Security check isn't nearly enough to support her and her husband's expenses.