This Is the Average Social Security Benefit for Age 67

I won't keep you in suspense. The average 67-year-old retired worker gets a monthly benefit of $1,883.50 per month, according to the 2024 Social Security Statistical Supplement. That's equivalent to about $22,600 per year in inflation-protected retirement income.However, it's lower than the overall average benefit paid to a retired worker, which was $1,905.31 per month according to the same data.67 is the full Social Security retirement age for those born in 1960 or later, and it was between 66 and 67 for everyone who has claimed in the past decade. However, keep in mind that the average benefit at age 67 is lower than the overall average because it only includes people who have either started collecting Social Security early, or who waited until exactly full retirement age, give or take a few months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool