Statistics Say: This Is the Best Age to Claim Social Security

If you've learned anything about Social Security, you probably have some big questions -- such as, is it running out of money? And when should I claim my benefits? The answer to the first question is yes -- the program's surplus is turning into a deficit, and, if nothing is done, benefits may shrink by 23% around 2035.The answer to the second question is more complicated -- but a 2019 study offers a compelling answer.Image source: Getty Images.Continue reading

Feb 20, 2025 - 11:47
 0
Statistics Say: This Is the Best Age to Claim Social Security

If you've learned anything about Social Security, you probably have some big questions -- such as, is it running out of money? And when should I claim my benefits? The answer to the first question is yes -- the program's surplus is turning into a deficit, and, if nothing is done, benefits may shrink by 23% around 2035.

The answer to the second question is more complicated -- but a 2019 study offers a compelling answer.

Image source: Getty Images.

Continue reading