Compared to this time last year, Social Security claims are up by 13 percent.
For context, that’s about 276,000 new applications for benefits, with many more expected to follow. What’s driving this sudden surge in people taking their retirement? It’s mainly a combination of three factors.
The first is a demographic change. More people from the highly populated Baby Boomer generation are near retirement. This will lead to more and more people taking their retirement. The second reason for a surge in applications is the economy. Some people are ready to leave the workforce as soon as they can. This is due to health issues, job security concerns, or both.
Finally, the Social Security Fairness Act is now in effect. With public sector retirees getting their full benefits, including retroactive payments owed, many are eager to take retirement and reap the rewards of what they’ve earned.
Have you taken your benefits yet? Do you plan to this year?
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
