The Wall Street Journal reports on new research from the Center for Retirement Research at Boston College showing that the percentage of Americans filing for early – meaning, reduced – Social Security retirement benefits has fallen in recent years.
A new study from the Center for Retirement Research at Boston College—titled Trends in Social Security Claiming —finds that, in 2013, 36% of men and 40% of women who turned 62 claimed Social Security. Sixty-two is the youngest age at which most people become eligible for benefits.
Those figures differ significantly from the numbers published by the Social Security Administration, which estimated that 42% of men and 48% of women who claimed retiree benefits in 2013 were 62.
What’s more, according to the Boston College study, “the share of people claiming Social Security retired-worker benefits when they attain age 62 has been falling since the mid-1990s…a decline [that] is fully consistent with the increase in the average retirement age.”