"Understanding Average Social Security Benefits Across Ages and Time"
TL;DR Summary
The average Social Security retirement benefit at age 65 is $1,504.98, with men receiving an average of $1,670.99 and women receiving $1,355.81 due to earnings discrepancies. The benefit is calculated based on a person's average indexed monthly earnings and primary insurance amount, with adjustments for full retirement age and early collection. Waiting until age 67 or 70 to collect retirement benefits can result in higher monthly payments, making it a financially advantageous decision.
- This Is the Average Social Security Benefit for Age 65 The Motley Fool
- Apply for Social Security benefits? Here are 3 signs you should. USA TODAY
- Here's the average Social Security benefit for retirees right now (and what it could be in 2030) Moneywise
- Here's the Average Social Security Benefit at Ages 62 and 66 The Motley Fool
- What is the average Social Security check? AOL
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