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Here's How Much Your Peers Get in Social Security


Here’s How Much Your Peers Get in Social Security
See how your Social Security benefits compare with those of other people your age.
Dmytro Zinkevych / Shutterstock.com
How much you receive in Social Security retirement benefits depends on multiple factors, which include when you open your claim.
On the other hand, for every year past your full retirement age that you wait to claim benefits, your monthly payment will get an 8% boost, up to age 70.
To see how much payments vary by age, we looked at the 2020 Annual Statistical Supplement from the Social Security Administration. It reports data from December 2019, which is the most recent information of this type available. ....

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