How Much Higher Is the Average Social Security Benefit if You Claim at 70 Instead of 62?
As of Jan. 2024, the average monthly Social Security benefit was $1,907.
Your own personal monthly benefit will almost definitely be different from this amount. It can be affected by many factors, including how long you've worked and your earnings throughout your career.
You can't do much about these factors once you're close to retirement age since your career earnings and work history aren't likely to change too much at that point. What you can do, though, is make a strategic choice about when you start your benefits.
Source Fool.com
