Fears about the future of Social Security are causing some to claim benefits early

Some Americans claim Social Security years before full retirement age out of fear that their benefits will be cut when the program runs out of cash.

They say they want to get as much in benefits as they can by 2034. That’s when the pension program is expected to exhaust its reserves, triggering a 23% reduction in benefits unless Congress acts. Economists and financial advisers generally advise against claiming early. Most expect Congress to prevent a sharp drop in benefits.

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