This Is the Average Social Security Benefit for Age 70
As you likely know, there's no one-size-fits-all Social Security benefit. The amount you'll receive will depend on factors such as how much you earned in your working life and the age at which you claimed your benefits. Once you start receiving your benefits, they won't stay fixed, either -- they'll get increased in most years via cost-of-living adjustments (COLAs).Image source: Getty Images.Given all that, here's a look at the average monthly benefits for recipients of various ages.Continue reading
As you likely know, there's no one-size-fits-all Social Security benefit. The amount you'll receive will depend on factors such as how much you earned in your working life and the age at which you claimed your benefits. Once you start receiving your benefits, they won't stay fixed, either -- they'll get increased in most years via cost-of-living adjustments (COLAs).
Image source: Getty Images.
Given all that, here's a look at the average monthly benefits for recipients of various ages.
