Working Beneficiaries: Social Security's Hidden Truth
Update: 2025-12-23
Description
43% of people aged 56-75 worked while collecting Social Security benefits, with two-thirds claiming early at 62 due to reduced work hours or inability to work full-time. Early claimers saw a significant drop in median earnings, with Social Security helping but not fully closing the income gap. 30% claimed between full retirement age and 69, often at full retirement age, despite having solid earnings that couldve allowed them to wait for the max payout at 70. The study challenges the notion that Social Security is solely for the fully retired, as most working claimants are lower earners who rely on benefits to cover basics.
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