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Here’s the Average Social Security Benefit at Ages 62, 67, and 70, and Which One Actually Beats the Rising Cost of Living.The amount of your monthly Social Security benefit is determined based on a few key factors. Your income over your working life is one of the biggest things that determines the size of your benefit check, because your benefits are supposed to replace around 40% of pre-retirement income. However, the age at which you claim ... Here’s the Average Social Security Benefit at Ages 62, 67, and 70, and Which One Actually Beats the Rising Cost of Living.
