Average 62-year-old Social Security benefits increase yearly, with $2,015.44 in 2025

From Nasdaq: 2024-12-22 13:45:00

Social Security’s earliest claiming age is popular for more checks, but reduces benefits by up to 30%. The average 62-year-old received $1,905.31 in 2023, increasing to $1,966.28 in 2024 and $2,015.44 in 2025 due to COLAs. Claiming at 62 yields $1,298.26 in 2023, rising to $1,339.80 in 2024 and $1,373.30 in 2025. Waiting to claim increases benefits, with those aged 70-74 receiving $2,021.81 in 2023. Consider health, financial needs, and spousal benefits when deciding to claim Social Security early or later.

Source: Nasdaq

Read more at Nasdaq: Here’s How Much in Social Security Benefits the Average 62-Year-Old Gets Per Month