This Is the Average Social Security Benefit at Every Age From 62 to 70 -- Plus 3 Ways to Boost Your Checks
Social Security is more than just a social program for many retirees. Just over 20% of adults age 50 and older have no other source of retirement income outside of their benefits, according to a 2023 survey from the Nationwide Retirement Institute, so it's wise to make the most of your checks.
Claiming at the right age will go a long way toward maximizing your benefits. You can file for benefits as early as age 62, but for every month you wait (up to age 70), you'll receive higher payments. While there are advantages to both filing early and delaying, it's important to know exactly how your age will affect your benefit amount.
Everyone's situation is different, but it can be helpful to see the average benefit at various ages -- as well as a few strategies to increase the size of your checks.
Source Fool.com
