How Did the Great Recession Affect Social Security Claiming?

Read complete document: PDF


PrintPrint this page
Share:
Share on Facebook Share on Twitter Share on LinkedIn Share on Digg Share on Reddit
| Email this pageE-mail
Document date: July 29, 2013
Released online: July 29, 2013
Social Security retirement claiming grew in 2009 as unemployment soared. The increase was modest, however, because unemployment growth at older ages was largely offset by growth in the number of older adults choosing to work longer. Half of women and more than half of men now wait until after age 62 to claim their retirement benefits, the largest proportions in decades. The recent increase in Social Security's full retirement age has prompted many retirees to wait at least until they turn 66 years old to begin collecting benefits, as a quarter of men now claim at that age or later.


Topics/Tags: | Employment | Retirement and Older Americans


Usage and reprints: Most publications may be downloaded free of charge from the web site and may be used and copies made for research, academic, policy or other non-commercial purposes. Proper attribution is required. Posting UI research papers on other websites is permitted subject to prior approval from the Urban Institute—contact publicaffairs@urban.org.

If you are unable to access or print the PDF document please contact us or call the Publications Office at (202) 261-5687.

Disclaimer: The nonpartisan Urban Institute publishes studies, reports, and books on timely topics worthy of public consideration. The views expressed are those of the authors and should not be attributed to the Urban Institute, its trustees, or its funders. Copyright of the written materials contained within the Urban Institute website is owned or controlled by the Urban Institute.

Source: The Urban Institute, © 2012 | http://www.urban.org