How Retirement Age and Social Security Claiming Age Are Related
December 26, 2024 by David Blanchett
Social Security is the bedrock of the American retirement system. According to the Employee Benefit Research Institute and Greenwald Research’s 2024 Retirement Confidence Survey, 91% of retiree respondents report Social Security as a source of income, and 62% say it is a major source of income.
In this piece, I leverage survey data to explore how retirement age correlates with when retirees claim Social Security retirement benefits. I find clear evidence that claiming ages are strongly related to retirement ages, which is not surprising.
Originally Posted at Think Advisor on December 16, 2024 by David Blanchett.
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