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An unexpected surge in Social Security retirement claims has occurred this spring, with a nearly 18% increase from January to May compared to the same period last year. Experts attribute this to several factors: a peak in retiring Baby Boomers, a rule change increasing benefits for some pensioners, and a rise in spousal benefit re-filings. However, anxieties surrounding economic uncertainty and potential future changes under the Trump administration seem to be a significant contributing factor, with many individuals in their 60s claiming benefits early out of fear of future cuts or age increases. While experts assure the program's long-term viability, the fear of losing benefits altogether is driving the trend.

Prepared by Christopher Adams and reviewed by editorial team.