Tag: Social Security benefits
The pandemic will inevitably lead to more claiming at age 62. It’s inevitable that many older workers – either fearful of returning to work or unable to find employment – will claim their Social Security benefits early as a result of COVID-19. While claiming early locks beneficiaries into actuarially reduced monthly payments, it offers a…
Even as average weekly earnings rise each month as lower-paid workers lose their jobs. I need to add a word about the potential impact on Social Security benefits from the pandemic and the shutdown of the economy. Specifically, following a point made by Andrew Biggs, I argued that to the extent that COVID-19 results in…
