Three-quarters of Eligible Adults 62+ Postponed Social Security in 2011
The Social Security retirement benefit take-up rate* was lower in 2011 than any year since 1976. It has declined to 26.9% in 2011, from 30.8 percent in 2009, according to a 2012 Urban Institute analysis of Social Security data.
*defined as the number of new retirement awards in the year divided by the number of adults age 62 and older who had not yet begun collecting benefits at the start of the year.
Johnson, R. (2012). Social security claims edged down in 2011. (Retirement Security Data Brief No. 5). Washington, DC: Urban Institute. Retrieved from www.urban.org.