Economists are already forecasting the inflation rates that could be used to determine the 2027 Social Security COLA.
By that math, your typical American man would be smart to claim Social Security at age 62, the first year of his eligibility.
Social Security benefits are a lifeline for many retirees, with 62% of current retirees saying they're a major source of income, according to a 2025 poll from Gallup.