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How Much Do Social Security Benefits Increase After Age 62?

Learn about the pros and cons of delaying Social Security payments.

By Kailey Hagen – Updated Nov 25, 2024 at 3:05PM

Key Points

  • Claiming Social Security at 62 gives you more checks, but it may reduce your lifetime benefit.
  • Delaying Social Security beyond full retirement age (FRA) increases monthly checks and often total lifetime benefit.
  • Working past FRA also helps you avoid earnings test penalties.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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