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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.
At age 70, the average benefit among retired workers is $2,037.54 per month, according to December 2023 data from the Social Security Administration. Compared to those who filed earlier, that's a ...
In fact, the average retired worker collects a whopping $740 more per month at age 70 compared to age 62, according to December 2023 data from the Social Security Administration. Age Average ...
The average Social Security benefit at age 70 As of the latest data (December 2023), the average 70-year-old retired worker receives a Social Security benefit of $2,037.54 per month, or about ...
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 ...
On the other hand, while only a small percentage of retired workers waited until age 70 to begin receiving their Social Security benefit, this would have been optimal for an astounding 57% of the ...
The average 70-year-old retired worker collecting a Social Security benefit receives $1,963.48 per month, or $23,562 per year, according to the latest Social Security Statistical Supplement, which ...
Here's what the average retiree receives in Social Security benefits at age 70. A Social Security card and a pen lying on papers and a $100 bill. Image source: Getty Images.
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