Social Security doesn’t seem a single program for the majority of Americans. It’s an essential instrument that offers millions of Americans as they grow older age a financial basis. The Center on Budget and Policy Priorities estimates that Social Security lifts 15.36 million individuals above the age of 65 out of poverty every year, or 21.75 million people overall.
However, receiving Social Security payments is not guaranteed just because you are an American citizen. The majority of people will put in decades of labor to achieve their reward.
However, depending on when they choose to claim their payment, retired workers’ Social Security benefits every month, presuming they’ve collected the necessary 40 lifetime credits, can vary significantly.
The most common age for claiming in 2022 among both men and women was 66.
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