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The average benefit at age 62 is just $1,298.26 per month, or around $739 per month less than the average at 70. Age. Average Monthly Benefit Among Retired Workers. 62. $1,298.26. 65. $1,563.06. 66.
At the median, retired workers in New Jersey receive the biggest Social Security benefits, while those in Mississippi receive the smallest benefits.
According to data from the 2023 Social Security Annual Statistical Supplement, here's what the average senior collecting Social Security retirement benefits receives at 62, 67, and 70. Age Average ...
Image source: Getty Images. There is, indeed, a statistically superior claiming age. Based on the sizable gap in average retired-worker benefits between ages 62 and 70, you might be wondering ...
As of the end of December 2023, the average monthly Social Security benefit for retired workers aged 67 was $1,883.50. This amounts to $22,602 per year. The averages differ based on the sex of the ...
The average monthly Social Security benefit for retired workers at age 70 is about $757 more than the average payout at age 62. ... The chart below pulls data from a recently updated biannual ...
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If you're thinking you might retire in your mid-60s and you're wondering what Social Security benefits might look like then, as of the end of 2023, the average benefit for a 65-year-old was $1,563 ...