A bipartisan group of senators has filed legislation to improve the public’s understanding of the ideal timing to begin collecting Social Security.
In addition, the group is requesting that the Social Security Administration investigate why Americans claim benefits early and determine how to educate the public on the appropriate age to begin receiving payments.
When To Start Receiving Social Security Benefits
While some legislators are proposing changes to Social Security, one group argues that many retirees are already being shortchanged. The majority of Americans collect benefits early, despite increased life expectancies, leaving millions of seniors with fewer resources later in life.