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In fact, according to 2023 data from the Social Security Administration, the average retiree collects around $1,884 per month in benefits at age 67 compared to $1,298 monthly at 62 -- a difference ...
With a better understanding of the positives and drawbacks of these three claiming ages, let's examine what the average Social Security benefit is at 62, 67, and 70.
The average retired worker collects around $1,298 per month at age 62 and roughly $1,884 per month at age 67, according to data released by the Social Security Administration in December 2023.
The average retiree can expect to receive around $586 more per month at age 67 compared to 62. According to 2023 data from the Social Security Administration, the average benefit amount at age 62 ...
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 ...
A study published by the National Bureau of Economic Research in November 2022 found that 90% of workers ages 45 to 62 would maximize their Social Security by claiming benefits at age 70.