The Social Security Administration sets the early retirement age â the youngest age that you can start collecting Social Security â at 62 years old. However, if you take benefits before your full retirement age â which ranges from 65 years old to 67 years old depending on the year you were born â your monthly benefit will be reduced.
FRAMING EFFECTS A âframing effectâ is usually said to occur when equivalent descriptions of a decision problem lead to systematically different decisions.
Framing is defined as âthe action, method, or process, of constructing making or shaping anything whether material or immaterialâ (Framing, 1989, p. 143). Framing comes from the word frame, which has many definitions.