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Only 10% of Americans Plan to Wait Until 70 to Claim Social Security. Here's How Money They Could Miss Out On.

TheMotleyFool

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Only 10% of Americans Plan to Wait Until 70 to Claim Social Security. Here's How Money They Could Miss Out On.: https://g.foolcdn.com/editorial/images/743928/middle-aged-couple-with-calculator.jpg

"Time is money." While the statement has become a cliché, it's nonetheless as true as it ever was.

There's no question whatsoever that time effectively is money when it comes to the age you file for Social Security benefits. Only 10% of Americans plan to wait until 70 to claim Social Security benefits, according to ' 2023 U.S. Retirement Survey. Here's how much money they could miss out on.

Image source: Getty Images.

Source Fool.com