For most Americans, Social Security isn't just some program. It's a necessary tool that provides a financial foundation for millions of Americans as they age. According to the Center on Budget and Policy Priorities, Social Security is responsible for pulling 21.75 million people out of poverty each year, including 15.36 million adults over the age of 65. 

However, Social Security benefits aren't simply handed out for being an American citizen. Most people will earn their payout by working over the course of many decades.

But what retired workers receive each month from Social Security, assuming they've earned the requisite 40 lifetime credits, can depend largely on when they decide to take their payout.

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Source Fool.com