RELAB POLICY NOTE | Late Baby Boomers, Generation X and Millennials are retiring under worse conditions than Early Baby Boomers.

RELAB POLICY NOTE |The Social Security benefit structure penalizes people who claim before age 70. Yet over one-fifth of eligible people claim before their full retirement age (age 67 for those born in 1960), and over 90 percent claim before the maximum age of 70, resulting in reduced monthly benefits.