The average retired worker gets about $1,930 per month from Social Security, but there's a big difference in the benefits paid to retirees of different ages. In this video, Certified Financial Planner® Matt Frankel breaks down the average benefits by age for all retired workers, as well as for those who started collecting benefits early or late.
You might be surprised the difference age makes in Social Security benefits.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.