When Is the Best Age for Americans to Claim Social Security?

Noted: In fact, poverty rates accelerate as people reach their early 80s, says Pamela Herd, Professor of Public Affairs & Sociology at the University of Wisconsin, Madison. “Some of what’s going on is that people are losing other sources of income,” Herd explains. “So when you hit 85, you may have run through private savings at that point. Social Security becomes your financial lifeline.”