{
  "id": 18776177,
  "title": "Here's the Average Social Security Benefit by Age 62 to 80",
  "url": "https://urgent.news/2026/11/07/heres-the-average-social-security-benefit-by-age-62-to-80",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T19:00:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/retirement/social-security/2026/11/07/heres-the-average-social-security-benefit-by-age-62-to-80/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "The Social Security Administration calculates your benefit based on an average of your wages from your highest-earning 35 years, adjusted for inflation. Your monthly benefit depends on your full retirement age (FRA) and when you start collecting. The average monthly benefit varies by age, with the biggest increase between ages 62 and 70, growing by 59.7%. At age 62, you face a 30% permanent reduction, while waiting until 70 can increase your benefit by 8% annually through delayed retirement credits. After age 70, averages begin to decline slightly. Women make up a larger share of the oldest groups due to living longer and often having lower lifetime earnings. Even at the age-70 peak of $2,274.68 per month, benefits rarely cover every bill. A 3.6% cost-of-living adjustment will be implemented in 2027, adding about $82 to the age-70 benefit. To plan effectively, use the average benefit that matches your intended claiming age. Social Security likely won't cover all your expenses, so supplement it with personal savings or other income sources.",
  "summary": "Claiming at 62 versus 70 creates a gap that reshapes your entire retirement income picture.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Here's the Average Social Security Benefit at Age 70",
        "url": "https://urgent.news/2026/11/06/heres-the-average-social-security-benefit-at-age-70",
        "published": "2026-11-06T14:20:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}