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Despite high levels of awareness that waiting longer to claim Social Security benefits earns higher payments, 40% of non-retired respondents said they plan to take their Social Security benefits starting between ages 62 and 65. In fact, only 10% of non-retired Americans say they will maximize their Social Security benefits by waiting for their 70th birthday to begin collecting, according to the Schroders 2023 U.S. Retirement Survey.
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