Social Security Administration is a state-owned agency headquartered in the US. Founded in 1935 with approximately 60,000 employees, the agency is an independent agency of the U.S. federal government responsible for administering social security.
On May 2, 2026, the Social Security Administration (SSA) highlighted that individuals working while receiving benefits prior to their full retirement age may see temporarily reduced Social Security checks due to an earnings test, as age 62 marks the earliest age to claim. Earlier on the same day, U.S. Senate Democrats released a "Social Security War Room" report, alleging that changes to the SSA under Donald Trump have made it "harder for Americans to get their benefits," despite his campaign promises. Also on May 2, the SSA confirmed that benefit disbursements for May 2026 will proceed according to the established schedule, aiming to support millions of households with financial planning amid ongoing global cost-of-living pressures. Previously, on May 1, data showed that delaying Social Security claims until age 70 significantly increases monthly benefits; in 2024, the average benefit for those claiming at 70 was $3,235, marking a $1,900 increase compared to starting benefits at age 62. This provides crucial context for those planning to sign up for Social Security, particularly as they approach age 62.
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