According to the SSA, individuals born between May 2, 1958, and February 28, 1959, will reach their full retirement age in 2025. For those born in 1960 and later, the full retirement age will increase to 67.

Among retired workers, the average Social Security benefit at age 67 is $1,883.50 per month, according to December 2023 data from the Social Security Administration. The average benefit among men at that age is $2,093.70 per month, while the average monthly payment among women is $1,676.20.