Here's the Average Social Security Benefit at Ages 62, 67, and 70
For most Americans, Social Security represents what is, or will be, an indispensable source of income during retirement. Based on over two decades' worth of annual surveys from national pollster Gallup, as many as 90% of then-current retirees rely on their monthly payout to cover at least some portion of their monthly expenses.
Considering the role Social Security plays in the financial well-being of current and future retirees, getting as much as possible out of America's top retirement program is of the utmost importance. But in order to do so, you'll first need to understand the ins and outs of how your benefit is calculated, as well as how your claiming age can really swing the pendulum for or against you during retirement.
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Source Fool.com
