What's the Average Social Security Benefit at Age 62?

You may not realize it now, but there's a very good chance that, when you retire, you're going to be reliant on Social Security income to make ends meet. In the latest national Gallup poll of nonretirees, a record 88% of respondents expected their Social Security payout to be a necessary part of their retirement income. This strongly suggests that there isn't a more important decision to be made by our nation's seniors than deciding when to take Social Security benefits.