Is It Better to Collect Social Security at 62, 67, or 70? A Broad-Based Statistical Analysis Provides a Decisive Answer.

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• One easy trick could pay you as much as $23,760 more each year in Social Security benefits

  80% confidence

• Retired workers could see their payouts reduced by up to 23% in 2033

  80% confidence

• 80% to 90% of Social Security beneficiaries need their payout in some capacity to make ends meet

  80% confidence

• 57% of the 20,000 claims studied would have been optimal at age 70

  80% confidence

• Around 10% of claims at age 67 would have been optimal

  80% confidence

• Only 4% of the 20,000 retired-worker claims analyzed were optimal

  80% confidence

• 79% of the 20,000 retired-worker claims examined had an initial collection age ranging from 62 through 64, but only 8% of optimal claims occurred at these three claiming ages combined

  80% confidence

Cited in these Via News reports

• Fiscal Constraints Limit Global Response as Geopolitical Shocks Threaten Inflation Revival →
• Oil Above $80 Squeezes UK Budget as US Faces Social Security Insolvency by 2033 →
• Oil Above $80 Ties UK Chancellor's Hands as Iran Crisis Ripples Through Global Energy Markets →
• Oil Spike from Iran Conflict Hits UK Bond Markets as Global Energy Shock Spreads →
• UK Budget Margin Shrinks to £12B as Iran Oil Strikes Trigger Global Price Surge →
• UK Chancellor Shelves Spring Statement Stimulus as $80 Oil and $20 Trillion Global Debt Pressures Mount →