Sixty percent of people planning to claim Social Security in 2025 are doing so before their full retirement age—costing them permanently reduced payments. For those born in 1960 or later, full retirement age is 67; claiming at 62 cuts monthly benefits by a significant margin. Waiting until 70 can boost your check by nearly 8% per year, adding up to nearly $900 more per month. Yet, most workers retire at 62 due to financial or job-related pressures, even as Social Security faces potential future changes that could force even more early claims.
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