Compared to this time last year, Social Security claims are rising.
What’s driving this sudden surge in people taking their retirement? One factor is an increase in online influencers saying that claiming early is the right move. They say this because:
- Those with longer lifespans could get more money in total by claiming early
- Money could be grown if invested in the stock market effectively
- Social Security is at risk, so claiming early is a safer move
While these factors are all true, it’s not always beneficial to take Social Security early. Some people who are healthy and have a high-paying job they enjoy may be better off delaying benefits. This could leave them with higher monthly payments, more income overall, a greater amount to invest, and more security for the future.
Even though Social Security’s future is uncertain, continued advocacy can reverse this trend and revitalize the program.
Help The Seniors Center Protect the Future of Social Security
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Follow The Seniors Center on Facebook for more updates! And join our newsletter list to get the latest updates!
