The Gen X “Retiring Backwards” Trend Has a Social Security Catch: They’re the First Generation Whose Full Retirement Age Is 67.
· finance.yahoo.com
Gen Xers are scaling back work, reviving old hobbies, and eyeing Social Security as the bankroll for a freer life in their 50s and early 60s. But this generation carries a retirement rule no previous one did, and claiming that check early sets a permanent price most people never calculate.
Quick Read
Gen X is the first generation where every member faces a full retirement age of 67, making early claiming at 62 a permanent 30% cut.
Earning over $...