Recession prompts early collection of Social Security benefits

by Staff | April 7th, 2011

April 6, 2011

According to a blog on Forbes.com, 45% of current retirees reported they had left the work force before they planned to in order to collect Social Security benefits, with 63% citing health or disability as one of their reasons for doing so; 23% citing downsizing or changes at their company; and 18% mentioning the need to care for a spouse or other family member.

The number of people retiring at the earliest age of 62 had declined for years but has increased during the recession. The lack of the stability in the job market promoted many to start collecting Social Security benefits.

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What do you see happening to Social Security benefits in the future? Were you one who tried to collect benefits at 62 for reasons regarding the recession?

If you need help getting Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

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