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Here's the Average Social Security Benefit for Retired Workers and Spouses


Social Security retirement benefits are available for retired workers and the spouses of retired workers, even if those spouses have no work history.

There are certain similarities between the two benefit types. For instance, the age of eligibility is 62 in both cases, and claiming either type of benefit before full retirement age results in a permanently reduced payout.

There are also important differences that future recipients should understand. Namely, retired-worker benefits are calculated differently than spousal benefits, and the average payouts differ dramatically. Read on to learn more.

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Source Fool.com


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