Recession prompts early collection of Social Security benefits

April 6, 2011

According to a blog on, 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.

Read more.

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.

Reach out to a Terre Haute Personal Injury Attorney Today

The financial burden that often comes with a serious injury can be too much for many people to bear. Unexpected medical debt, damaged personal property, and the sudden loss of income can impact the budgets of most families. The good news is that a successful injury claim could help reduce that financial strain after a serious accident. Get in touch with a Terre Haute personal injury lawyer with Fleschner, Stark, Tanoos & Newlin to learn more.

    *You agree to our Terms and Privacy Policy, and you are providing consent to receive communications including calls, emails, and texts.