As we grow older, the question of how much we can rely on Social Security benefits becomes significant. According to recent data, the average Social Security benefit for individuals at age 68 is considerable and can provide a substantial income stream during retirement. Factors affecting benefit amounts:Several factors contribute to the determination of an individual’s Social Security benefit amount. FAQ:Q: Is the average Social Security benefit enough to cover all expenses? Q: What happens if I delay claiming Social Security benefits past age 68?

Source: Forbes December 24, 2023 01:14 UTC