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flag 70-year-old retirees increasingly claim Social Security benefits due to 1983 reforms.

flag 70-year-old retirees increasingly claim Social Security benefits due to 1983 reforms that increased the full retirement age to 67 and introduced the delayed retirement credit, which increased benefits for delaying up to age 70. flag This trend aligns with rising life expectancies and financial incentives. flag In 2022, 8.1% and 8.8% of men and women claimed benefits at 70, compared to 0.8% and 1.6% in 2009.

9 months ago
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