The majority of employees go using a use-it-or-lose-it mentality, while a select few choose to wait a bit longer to claim to receive the greatest Social Security payment possible.
Based on a recent survey by asset management business Schroders, only 10% of non-retired Americans said they will wait until age 70 to start receiving their monthly Social Security check. This is the age at which they earn the most advantages. When it comes to making use of their Social Security benefits, four out of ten (40%) employees plan to do so between the ages of 62 and 65, taking the minimum amount that is offered.
As per a poll of 2,000 US investors between the ages of 27 and 79, 44% of workers stated they would receive payments before reaching the age of 70 as they were worried Social Security could stop issuing checks before they reached that age.