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Workers who qualify for Social Security benefits can start collecting their monthly payments at any point between the ages of 62 and 70. The simple answer is that the average 70-year-old retired ...
The average 70-year-old spousal benefits recipient gets $991.98 per month, as of the latest data. This makes sense. After all, spousal benefits are designed to provide up to half of the primary ...
First, 70-year-olds applying for Social Security in 2022 had a full retirement age of 66. That gives them an extra year of delayed retirement credits, pushing their benefit to 132% of their ...
The lure of claiming benefits at age 62 is not having to wait to get your hands on your benefit. ... let's examine what the average Social Security benefit is at 62, 67, and 70. Every year, ...
As of December 2021, the most recent year for which data is available, the average Social Security benefit at age 70 was $1,768.94. This is up 8.3% from December 2020, when the average benefit for ...
A 70-year-old claimer took home an average of about $2,037.54 in December 2023. By contrast, Social Security recipients aged 100 or older only had an average benefit of $1,705.68 per month.