Tag: Social Security benefit

Their finances are in the green

Abstract In early 2020, the COVID Recession seemed like it would result in an increase in early Social Security claiming, similar to the Great Recession.  However, pretty quickly the COVID Recession turned out to be quite different.  It was spurred by a health crisis, potentially increasing the likelihood of early claiming among older workers and…

Social Security sign in a garden

A reporter asked the other day how dependent people were on Social Security. The query sent me scurrying to find the latest Social Security Administration statistical publication showing the percentage of households relying on Social Security for more than 50% or 90% of their income.  It turns out that the latest date for that publication…