The share of prime-age women working or looking for work rose from 35% just after World War II to 76.8% in 1999 – then began dropping, to 74.3% last year. I’m drawing Social Security benefits; my husband supports the family. My plan was to continue to work until I was 68-70 years old in order to maximize my Social Security. Assuming I will live another 20-30 years, this termination will cost me around $300,000-$800,000 in income and lost Social Security benefits. Having taken my Social Security benefits early, I will lose around $1,200-$1,500 per month for the rest of my life.
Source: Los Angeles Times June 11, 2017 14:02 UTC