This Is the Average Social Security Benefit for Age 69

The average retired worker who is 69 years old and collects Social Security gets about $1,945 per month, according to the latest edition of the Social Security Statistical Supplements. That's $23,340 per year in retirement income.However, there are a couple of things to point out. First, this data was before the 2025 Social Security COLA went into effect and increased benefits by 2.5%. So the actual number as I'm writing this is probably about $1,994 per month.Second, this is the average benefit for people who are 69 years old now, not those who waited until 69 to start collecting benefits. It is a blended average of those who claimed Social Security early, those who waited until full retirement age, and some people who chose to delay Social Security.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool