365QOD-Day310

"I don't have a strategy.  Hell, I don't even have money!"- a response from a friend

Yesterday gave some interesting statistics on desired income.   So what about delayed gratification?

In another USA Today article I found this table
How delaying Social Security will increase size of your annual benefits.
Age                              Annual payment                 Increase over 62
62                                    17,772                              
63                                    19,044                                   7%
64                                    20,832                                   17%
65                                    22,644                                   27%
66                                    24,468                                   38%
67                                    26,664                                   50%
68                                    28,884                                   63%
69                                    31,128                                   75%
70                                    33,408                                   88%
assuming individuals are currently 62 and earning $100,000 a year until benefits begin.

I laughed at the earning 100,000 per year line.  Most Americans do not have a salary that comes close to that.  But assuming that the percent increases are proportional it looks like we better plan on working till 70 and not taking social security.

Today's question is:
"Do you plan to work till you are 70?"