Tag: delay social security claiming
Abstract Delaying claiming past the early eligibility age of 62 has taken on increased importance. Individuals turning 62 with no job and limited income may be able to use temporary assistance programs such as Unemployment Insurance (UI), Medicaid, and the Supplemental Nutrition Assistance Program (SNAP) as sources of support prior to collecting Social Security benefits. …
The brief’s key findings are: Over the past 25 years, the average retirement age for U.S. workers has been rising, a trend that should align with when people first claim Social Security. But the percentage of all initial claimants who are age 62 shows little change until recently. A better metric to capture claiming behavior…
