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Social Security system

62-year-old retirees will lose money in Social Security: keys to getting a bigger monthly payment

62-year-old retirees will lose money in Social Security: keys to getting a bigger monthly payment

By retiring early, you miss out on the opportunity to receive a higher benefit, which could make a big difference to your quality of life over the years.

This is how the $360 increase will affect Social Security in 2025

This is how the $360 increase will affect Social Security in 2025

Lawmakers and economists have pointed out that the measure benefits millions of public sector workers, but it also poses a challenge to the trust funds of the program, which are already facing pressures due to the aging population and the growing number of retirees.