Social Security at 65 Revealed | Business and Finance News

If you claim Social Security at 65, your average monthly benefit is just over $1,600—$1,772 for men, $1,457 for women. But here’s the catch: for those born in 1960 or later, 65 isn’t even your full retirement age—it’s 67. Claiming early means a 13% cut to your eventual payout. If you’ve got other savings like a 401(k) or IRA, waiting can dramatically boost your long-term income. Your actual benefit depends on your earnings history and when you start collecting—knowing this difference is key to smart retirement planning. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/40c8620a081da018