A significant increase in Social Security claims has been observed, with Americans filing at record rates amid fears regarding the future of the program and its trust fund. Experts highlight that misconceptions surrounding claiming Social Security, particularly at age 62, may lead many to make hasty decisions. Financial advisors caution that while early claims can seem appealing, they often come with long-term financial risks. As retirees face potential cuts and economic uncertainty, understanding the implications of early claiming versus delaying benefits has never been more crucial. Simultaneously, recent fluctuations in cryptocurrency markets, notably influenced by figures like Musk and Trump, have added an unusual dimension to the discussion, further driving the urgency to claim benefits quickly.