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According to the most recent data released by the Social Security Administration in December 2023, the average benefit among 62-year-old retired workers is just $1,298 per month.
In each of the last 23 years, Gallup has conducted a survey to gauge how reliant retired workers are on the income they receive from Social Security. These polls have found that 80% to 90% of ...
How much does the average 62-year-old get from Social Security? The average Social Security benefit overall was $1,905.31 per month in 2023. But it's larger today thanks to cost-of-living ...
What's the average Social Security benefit at ages 62, 66, and 70? ... about 3.01 million retired workers who were 70 years old in December 2023 collected an average Social Security check totaling ...
Ages 62, 67, and 70 are key milestones in Social Security. Age 62 is the earliest you can claim benefits, 67 is most people's full retirement age, and 70 is when monthly benefits stop increasing ...
As shown above, the average Social Security payout generally increases with age, such that the average 70-year-old retiree gets about $757 per month more than the average 62-year-old retiree.