Reported 8 months ago
The average age at which retirees claim Social Security has been increasing since the 21st century, with the current average age being 65. The two most popular claiming ages are 62 and 66, with less than 10% waiting until age 70 to maximize their benefit. In 2022, the average monthly retirement benefit for new claimants was $1,938.75. However, data shows that delaying retirement until age 70 could maximize lifetime benefits, as supported by studies and life expectancy data.
Source: YAHOO