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Lowest Number Of Social Security Benefits Awarded Since 1976

Posted on 04/25/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsRecord numbers of Boomers and older adults took Social Security retirement benefits at the height of the Great Recession, in large part to supplement their faltering income as joblessness rose. But a new report out this month finds that the financial situation of older workers may have turned around. The number of people 62-plus who filed for Social Security last year fell to the lowest rate in 35 years, the report by the non-profit Urban Institute says. An improving jobs market was …