Despite changes in Social Security rules that place greater penalties on claiming at 62, almost a third of those eligible nevertheless claim at this age, with many doing so out of necessity. But claiming early has a cost: a riskier financial future later in life. A recent report finds that where people live plays an important role in claiming early, with those in rural areas, for example, more likely to do so. Other factors include being unemployed, having a lower-paying job, working in a physically demanding job, and having a work-limiting health condition. |