Social Security Report

Life Expectancy and Social Security - Motley Fool

Many news reports say that COVID-19 had an impact on average life expectancy, from which we have not fully recovered. According to the Centers for Disease Control (CDC), life expectancy has recovered somewhat since the pandemic’s end, but it’s still not back to pre-pandemic levels. And that opens a big question for those deciding when to claim Social Security. Should I claim earlier?

Well, despite the CDC’s information which offers COVID-revised life-expectancy at birth, longevity for those who have lived to be eligible for Social Security is much different. The fact is, if you live into your mid-60s, it’s likely you’ll live about another 20 years. And that suggests waiting longer to claim could be your best option, as explained in this Motley Fool article by Adam Levy.

Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…

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