More Americans are claiming Social Security early despite drawbacks: Tips to prepare for retirement

The number of Americans claiming Social Security benefits is on the rise with the number of claims between January and May nearly 18% higher than the same time one year ago. And there could be risk to retirees overall earnings if the trend continues. Joining me now in studio is Larry Sprung, the founder of Milton Financial.So Larry, this is really interesting. saying, "We're seeing this surge in Americans claiming Social Security benefits at an early age, 62, highest in over two decades. What's driving this ...