The article discusses the requirements to obtain the maximum monthly Social Security benefit of $5,108, beginning in 2025. It highlights the necessity of earning a high salary for at least 35 years and postponing claims until age 70. This threshold presents a formidable challenge, as the benefit reflects a person's earnings during their top salary years, and not all income counts due to the wage base limit. The odds are low that most Americans will achieve this maximum benefit, as a single lower-earning year can adversely affect average wages.
To earn the maximum Social Security benefit of $5,108 a month, individuals must earn at the wage base limit for 35 years and wait until age 70 to claim.
Very few people will receive the maximum Social Security payment due to the challenges of earning a high salary for 35 years and delaying benefits until age 70.
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