This Is the Average Social Security Benefit at Age 67

Social Security recently commemorated its 90th anniversary, and to this day, it remains one of America's most relied-upon social programs. Over the past nine decades, it has provided a financial lifeline to hundreds of millions of Americans.For many, Social Security will be a significant portion of their retirement income, so it's natural for someone to want to get a sense of the size of their benefit, so they can plan ahead or see where they stand compared to their peers. As of the end of 2024, the average monthly retired worker's benefit at age 67 is $1,929.73, or around $23,157 annually.Due to differences in career earnings, the average benefit between men and women has a sizable gap. The average benefit for men at 67 is $2,142.78, while the average for women is $1,719.20.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool