June 14, 2026, 9:55 am EDT
Say it with me: Social Security isn’t running out of money. The retirement trust fund is running out of money. The distinction matters, because the mistaken belief that Social Security is going broke is prompting people to claim early, locking in lower benefits for life. For those born in 1960 and after, claiming at age 62 results in a permanent 30% haircut, compared to what you’d get at your full retirement age of 67.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Say it with me: Social Security isn’t running out of money. The retirement trust fund is running out of money. The distinction matters, because the mistaken belief that Social Security is going broke is prompting people to claim early, locking in lower benefits for life. For those born in 1960 and after, claiming at age 62 results in a permanent 30% haircut, compared to what you’d get at your full retirement age of 67.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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