Average Social Security Benefits at Ages 62 & 66 – Know $1771 Payment Date & Eligibility

The US Government has been providing the benefits to the citizens where Average Social Security Benefits are provided to the citizens at the time of retirement. The Average Social Security Benefits at Ages 62 and 66 will be different as with the delay in getting the benefits, you will get an increased amount. The citizens shall check the US Average Social Security Benefits at 62 as they will get only 70% of what you will get at the age of 67. The ssa.gov Average Social Security Benefits at 66 will be 93.3% of the full average monthly payment. Only the eligible ones will get the benefits and one must refer to the given post to get the complete updates on the benefits which will be credited to the accounts.

Average Social Security Benefits at Ages 62 and 66

The Government of the US has been engaged in providing multiple benefits to the citizens of the Country and also giving them financial assistance so that they can have their livelihood. One of the benefits is Social Security where the citizens are getting financial assistance after they attain the US Average Social Security Benefits at 62. The citizens who are of the age of 62 years will be getting less benefits than they will get the benefits at the age of 67 years. The individual will not get the full ssa.gov Average Social Security Benefits as they would get them at the age of 65 years. The citizens will attain the full retirement age at the age of 67 years. In case you delay your benefits at the age of 70 years, you will get the maximum amount. The benefits will be provided if you are a citizen of the US and the benefits will be reduced by a small percent for each month before you reach the full retirement age. 

To get the complete updates on Average Social Security Benefits at Ages 62 and 66 one must refer to the website ssa.gov where they will get the details on per month benefits which will be credited. The ones who are born on the 1st date of the month shall refer to the previous month to know the benefits. The benefits will be different for each age and each month of that age. One should know the advantages or disadvantages of getting the benefits at the full retirement age. Now through this post all the updates on the benefits shall be checked along with the benefits at full retirement age or less than it.

ssa.gov Average Social Security Benefits

The Social Security benefits are the monthly payment which one individual will get. The Average Social Security Benefits at Ages 62 and 66 will be different at both the ages. The table below will provide the details on the benefits which will be provided to the citizens.

Post title Average Social Security Benefits at Ages 62 and 66
Organization Social Security Administration 
Benefits name Social Security benefits 
Country US
Age Above or 62 years 
Benefit amount As per age 
Post category Finance
Website ssa.gov
Average Social Security Benefits

US Average Social Security Benefits at 62

  • The citizens of the US will get the monthly benefits of Social Security where they will get the amount as per their age.
  • The ssa.gov Average Social Security Benefits will be given through the direct deposit to the citizens.
  • The benefits at the age of 62 years will be given of a lesser amount than you could get at the age of 67 years.
  • The ones who wait till 70 years to get the benefits will get the increased amount of benefits.
  • You shall start getting the benefits from the US Average Social Security Benefits at 62 years till the full retirement age to get all the benefits 

Average Social Security Benefits at 66

  • At the age of 66 years, the benefits will be 93.3% of the monthly payment.
  • In case the individual waits till the age of 67 years, they will be eligible to get the full amount.
  • The ones who decide to delay their benefits until 65 years or after it shall apply for the Medicare benefits
  • The amount of the retirement benefits which is paid to the individuals is based on the persons age when they begin getting the benefits
  • The benefits taken by the person before the normal retirement age are reduced and the ones taking the benefits after the normal retirement age will get the increased benefits.

Social Security Benefits at Various Ages

Age 6263646566
+1 month $1254.53$1343.63$1436.29$1533.90$1673.30
+2 month $1261.66$1350.76$1445.20$1564.60$1682.21
+3 month $1270.57$1359.67$1455.89$1573.51$1692.90
+4 month $1277.69$1366.79$1464.80$1584.20$1703.59
+5 month $1284.82$1373.92$1475.50$1593.11$1712.50
+6 month $1291.95$1381.05$1484.41$1603.80$1723.19
+7 month $1299.08$1388.18$1495.10$1614.49$1732.10
+8 month $1306.21$1395.31$1504.01$1623.40$1742.80
+9 month $1315.12$1404.22$1514.70$1634.09$1751.71
+10 month $1322.24$1411.34$1525.39$1643$1762.40
+11 month $1329.37$1418.47$1534.30$1653.70$1771.31

What if You Wait Even Longer for Average Social Security Benefits?

In case you wait longer to get the benefits, you will get an increased amount. The benefits will be 100% if you get it at the age of 67 years and if you wait even longer, the benefits will be an extra 0.7% for every month you delay until 70 years. 

  • At the age of 68 years, you will get 108% of the benefits 
  • At the age of 69 years, the benefits will be 116%
  • At the age of 70 years or above the benefits will be 124% of the monthly benefits.

Average Social Security Benefits Decision

The ones who collect the benefits for a longer time period will get the increased amount of the payment. The benefit will be reduced if you make a maximum delay in getting the payment. In case you delay the benefits till the full retirement age then you will be eligible for the delayed retirement credit which will increase the monthly benefits

The things shall be considered like when to get the retirement benefits.

Average Social Security Benefits at Ages 62 and 66 Calculation

  • In case you are born on 1 January, you shall refer to the benefits of the previous year.
  • If you are born on 1st of month, the benefits will be figured out as if your birthday was in previous month
  • Your age shall be 62 for the entire month to get the benefits
  • The percentage will be subject to rounding
  • The maximum benefit for spouse will be 50% of the benefit the worker gets at full retirement age

ssa.gov Average Social Security Benefits Link

Average Social Security BenefitsSSA.GOV 

Frequently Asked Questions on Average Social Security Benefits 

What are the Average Social Security Benefits at Ages 62 and 66?

The Average Social Security Benefits at Ages 62 and 66 is the monthly benefits which the individuals are eligible to get.

What is the age to get the full Average Social Security Benefits?

67 is the full retirement age where you will get full Average Social Security Benefits.

How much is the Average Social Security Benefits at the age of 66?

93.3% of the monthly benefits is the Average Social Security Benefits at the age of 66 years.

How much will be the benefits at the age of 68 years?

108% will be the benefits at the age of 68 years.

From where can the details on Average Social Security Benefits be checked?

The details on Average Social Security Benefits can be checked through ssa.gov.

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