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Nearly 40% of Social Security Beneficiaries Continue Working Amid Rising Costs
Nearly 40% of Social Security Beneficiaries Continue Working Amid Rising Costs
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Four in ten Social Security recipients remain employed after claiming benefits, with most holding part-time positions. The trend underscores growing financial pressures on retirees as benefit adjustments fail to match inflation.
Boston College's Center for Retirement Research reveals 40% of beneficiaries worked during 2022. Some transitioned into retirement while others returned to the workforce, highlighting systemic shortcomings in retirement security.
Since 2010, Social Security's cost-of-living adjustments have lagged inflation by approximately 20%, eroding purchasing power. The Senior Citizens League warns this deficit forces difficult choices between reduced spending or prolonged employment.
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