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NBER research finds that claiming Social Security early costs the median US household roughly $182,370 in lifetime benefits, contradicting Dave Ramsey's advice to take payments as soon as possible and invest the difference. Ramsey's argument rests on equity returns beating the guaranteed roughly 8% annual benefit increase from delaying to age 70, a trade-off that only works if market returns stay high and sequence-of-returns risk stays benign. The debate is a personal-finance dispute rather than a market catalyst, though widespread early claiming would marginally pressure retiree income and consumption over long horizons.
As a Macro signal, confirm the link to liquidity, rates, policy timing, and price reaction before drawing a trading conclusion.
Original Source: Yahoo Finance
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