Practically Everyone Retires Early These Days

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As long as we’re on a retirement kick around here, Social Security’s latest statistical supplement is out and you just know you can’t resist diving in to its 528 pages of mind-numbing tables. Just kidding. I’ll bet you can resist. (But if you really can’t resist, the whole thing is here.)

Anyway, here’s an interesting chart (from Table 5.B8) showing the rise in early retirement. Bottom line: Almost no one waits until age 66 (the current full retirement age) these days. A full 71 percent of men and 76 percent of women now get reduced Social Security benefits because they retired early. In 1965, only 21 percent of men and 49 percent of women retired early.

Among men, the average monthly benefit for those who retired early is $1,283. The average monthly benefit for those who waited is $1,625. Among women, the averages are $1,019 and $1,283.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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