Who Claimed Social Security Early Due to the Great Recession?
July 24, 2012
The brief’s key findings are:
- The severity of the Great Recession is projected to have increased the probability of claiming Social Security at age 62 by more than 5 percentage points.
- This increase was relatively uniform across the income spectrum.
- The affected individuals claimed six months earlier, resulting in a 4.6 percent reduction in monthly benefits.
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Citation
Rutledge, Matthew S., Norma B. Coe, and Kendrew Wong. 2012. "Who Claimed Social Security Early Due to the Great Recession?" Issue in Brief 12-14. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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