Here's the Average Social Security Benefit at Age 62
For most Americans, Social Security income is, to some varied degree, an absolute necessity. In 22 years' worth of annual surveys from national pollster Gallup, no fewer than 80% of retired respondents have stated that they rely on their Social Security check as a "major" or "minor" source of income.
Considering how vital America's top retirement program has been since the first retirement-benefit check was doled out in January 1940, it's important for future retirees to get as much as they can out of Social Security. However, a popular claiming age -- age 62, the earliest age retired-worker benefits can be taken -- may be working against them.
Before digging into the details of the average Social Security benefit at age 62, as well as the pros and cons of an early claim, it's important to first have an understanding of how your Social Security benefit is calculated.
Source Fool.com
