It’s not just the Social Security Administration (SSA) that provides data Social Security recipients can appreciate. Recent information on life expectancy from the Centers for Disease Control and Prevention (CDC) also provides some valuable insights.
This data details that longer life expectancy is becoming the norm. Because of this, it could change the age at which people claim Social Security. Some people claim earlier, even though they know it will result in a lower payment.
But for those who expect to live longer, their cumulative payments can exceed what they would’ve gained by waiting. Here’s a link to the charts, including average claiming ages, breakeven ages, and more.
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