This Is the Average Social Security Benefit for Age 72
Social Security accounts for a large part of many retirees' finances. It's helpful to get a sense of how much you can expect, so you can plan and budget properly.Monthly benefit amounts will vary widely, but knowing the average amount at certain ages can give you a useful reference point to estimate your benefits accordingly.As of the end of January, the average monthly benefit for Social Security retired workers benefits was $1,979 (rounded to the nearest dollar). For 72-year-old recipients, the monthly benefit was higher, at $2,023.Continue reading
Social Security accounts for a large part of many retirees' finances. It's helpful to get a sense of how much you can expect, so you can plan and budget properly.
Monthly benefit amounts will vary widely, but knowing the average amount at certain ages can give you a useful reference point to estimate your benefits accordingly.
As of the end of January, the average monthly benefit for Social Security retired workers benefits was $1,979 (rounded to the nearest dollar). For 72-year-old recipients, the monthly benefit was higher, at $2,023.
