This Age Receives the Biggest Social Security Benefit Payments

The Social Security Administration (SSA) announced its 2025 cost-of-living adjustment (COLA) — next year, recipients will receive a 2.5 percent benefits boost. That equates to an extra $48 per month on average. Of course, that’s just an average and actual benefit amounts depend upon the recipient’s age, earnings, etc.

A recent USA Today article looked at how much retirees receive at each age and found that retired workers at age 70 typically receive the largest Social Security benefits. The article explains, “retired-worker benefits usually increase with each successive age group from 62 to 70, and they usually decline with each successive age group thereafter. In other words, at any given time, retired workers at age 70 typically get the biggest Social Security benefits.”

The Seniors Trust is committed to improving the financial well-being of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual COLA, increased minimum benefits, and will ensure the long-term solvency of the Social Security program.