Reported 8 months ago
The article delves into the average Social Security benefits received by seniors at ages 62, 67, and 70 based on 2023 data. It highlights how factors like work history and claiming age impact benefits, with the average monthly benefit ranging from $1,274.87 at 62 to $1,963.48 at 70. The text emphasizes the importance of understanding Social Security's role in retirement planning, as benefits may not suffice for many seniors due to the program's design and changing pension landscape.
Source: YAHOO