Retiring at 62? It Could Cost You $182K — and 90% of Americans Are Doing It Anyway
Recent studies reveal a retirement funding crisis. 90% of U.S. workers say they’ll claim Social Security before age 70, even though waiting boosts benefits by ~30% (an early claim can cost ~$182,000 in lifetime payments) cbsnews.com cbsnews.com. Financial guru Dave Ramsey warns that retiring “too early” (like age 62) is a mistake – “it’s like jumping out of a plane without checking your parachute” kiplinger.com. Credit card debt has exploded (up to $1.2 trillion at ~25% APR) nasdaq.com, a burden experts say “can stand between you and your ideal retirement” nasdaq.com. Surveys show Americans are falling short: 58% feel their savings