3 Common Reasons People Claim Social Security at 62

Why Do People Collect SS at 62-Rebel Retirement

Why do so many people claim Social Security at 62?

If you’re someone who claimed at 62, answering can draw a lot of negative strong opinions.

That’s why I think some baby boomers are reluctant to say they’ve claimed at 62, or plan to.

My instincts tell me that it can be an embarrassing admission for some individuals – mainly because our peer group acts like we’re dumb if we claim benefits at 62.

However, if you claimed “early” you’re part of a large percentage of retirees.

According to Social Security statistics, approximately 40% to 45% of Americans claim Social Security benefits at age 62 instead of waiting until full retirement age.

Chart from Social Security Administration - Rebel Retirement

Are all of these men and women stupid or incapable of listening to the advice of financial planners who recommend you wait before you collect?

I think not!

In my opinion, they’re self-reliant individuals capable of making their own decisions.

They know what’s best for them regardless of the popular recommendation not to file early.

3 common reasons people claim SS benefits at 62.

There are many valid reasons why people claim their Social Security benefits at 62. And it’s not because they think benefits will disappear!

For most, the pursuit of happiness and personal circumstance is what drives their decision to do so.

    • No. 1 – Health – Some people have health problems. Others think they are predisposed by family history or genetic factors that will shorten their lives.  For many years, they’ve worked hard and paid into the system. They want what belongs to them before they die.
    • No. 2 – Tired of work – There’s more to life than a job. It’s not uncommon for people to say they hate their jobs. They’ve been looking for the earliest opportunity to call it quits and retire. They want to pursue their passions and enjoy time with family and friends.
    • No. 3 – Investing in themselves – They’ve worked the numbers and concluded that it’s prudent to take the money and invest in themselves. They create income streams that last into old age.

Read: Is it Better to Take Social Security at 62, or Wait [Do the Math]

John. Q. Public answers “Why do so many people claim Social Security at 62?”

These embeds come from Quora. They give intelligent and valid reasons why one would claim Social Security benefits at 62. (A couple of the respondents claimed at 63.)

Read Rick Cassano‘s answer Why do so many people claim social security at age 62? on Quora


Read Dennis Bokay‘s answer Why do some people take early social security payments, rather than waiting for full retirement? on Quora


Read Do DanielsanswerWhy would you take early Social Security (Age 62)? on Quora


Although approximately 45% of Americans claim their Social Security benefits at 62, many baby boomers are reluctant to admit it because of peer pressure and negative opinions.

However, the decision to claim “early” is valid and for good reason. Whether it’s health issues, disliking their job, or deciding to put their money to good use, almost half of Americans file for Social Security benefits at 62.

Regardless of whether you decide to claim at 62, 63, or full retirement age, your decision should ultimately be driven by personal circumstances. It’s your decision, not your financial advisor’s.

Last updated: 12/12/22

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2 thoughts on “3 Common Reasons People Claim Social Security at 62

  1. Janette says:

    My husband and I both elected to take SocSec
    at 62. We wanted our money back to invest as we saw fit. Also, we weren’t confident that the funds we be available if we waited until 65 or later. I am now 75 and single and I would still make the same decision.

    • Yoga Woman says:

      Hi Janette! I love hearing from people who understand that Social Security is their money. Thanks for sharing your insight! All the best to you!

      ~Marlene, Yoga Woman

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