Here's the Average Social Security Benefit at Ages 62, 67, and 70
A study published in 2022 by the National Bureau of Economic Research concluded that more than 90% of workers ages 45 to 62 would maximize lifetime Social Security income by claiming benefits at age 70. Yet only 10% of newly awarded retirees actually started Social Security at age 70 in 2024, while more than 30% started as soon as they became eligible at age 62.Read on to see the average retired-worker benefit at ages 62, 67, and 70.Image source: Getty Images.Continue reading
A study published in 2022 by the National Bureau of Economic Research concluded that more than 90% of workers ages 45 to 62 would maximize lifetime Social Security income by claiming benefits at age 70. Yet only 10% of newly awarded retirees actually started Social Security at age 70 in 2024, while more than 30% started as soon as they became eligible at age 62.
Read on to see the average retired-worker benefit at ages 62, 67, and 70.
Image source: Getty Images.
