Americans are filing for social security at record rates amid fears about its future
CBSNEWS.COM
'RECORD RATES'
SUMMARY

Older Americans are filing for Social Security benefits at record rates, with a 17% increase to 1.8 million claims this year through May. The Urban Institute predicts that new filings will reach 4 million for the fiscal year, a 15% rise from last year. These claims surge is partly due to staffing cuts at the Social Security Administration under the Trump administration, worsening service for nearly 70 million beneficiaries.

Max Richtman, president of the National Committee to Preserve Social Security and Medicare, commented, "People are scared, and they're not sure what to do."

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