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Data source: Social Security Administration. What's the average Social Security benefit at ages 62, 67, and 70? Although every age within the traditional collection range of 62 through 70 has its ...
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
The average benefit at age 70 is around $2,038 per month -- a whopping $740 more per month than the average at 62. If money is going to be tight in retirement, delaying claiming can make your ...
According to the SSA’s 2021 Annual Statistical Supplement, the monthly benefit amount for retired workers claiming benefits at age 62 earning the average wage was $1,480 per month for the worker ...
Among male benefit recipients in that same year, almost half (49.3%) started their benefits before their FRA; among female benefit recipients, the proportion of early claimants was even higher: 51.8%.
Among male benefit recipients in that same year, almost half (49.3%) started their benefits before their FRA; among female benefit recipients, the proportion of early claimants was even higher: 51.8%.