Negative
27Serious
Neutral
Optimistic
Positive
- Total News Sources
- 4
- Left
- 2
- Center
- 0
- Right
- 2
- Unrated
- 0
- Last Updated
- 3 hours ago
- Bias Distribution
- 50% Right


Majority Americans Plan Early Social Security Claims Despite Reduced Benefits
A recent survey by investment firm Schroders shows that over 40% of Americans plan to claim Social Security benefits before reaching the full retirement age of 67, despite the financial advantage of waiting until age 70 to maximize monthly payments. Only about 10% intend to delay benefits until 70, even though waiting can increase monthly payments by over 30%. The primary reasons for early claims include immediate financial need, fears about the solvency of the Social Security program, and insufficient retirement savings. Experts warn that claiming benefits early can lead to substantial lifetime income losses, with estimates of up to $182,000 in reduced payments. Nonetheless, rising living costs and concerns about the program's future, given projections that the trust fund may be depleted by 2034, compel many to prioritize short-term income over long-term gains. Deb Boyden of Schroders emphasized that the decision to claim early is often a necessity rather than a lack of awareness, as 70% of surveyed Americans recognize the benefits of delaying but still choose to claim sooner due to financial pressures.




- Total News Sources
- 4
- Left
- 2
- Center
- 0
- Right
- 2
- Unrated
- 0
- Last Updated
- 3 hours ago
- Bias Distribution
- 50% Right
Negative
27Serious
Neutral
Optimistic
Positive
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