Wise folks saw this coming 30 years ago. One of them told me not to expect to collect any SS.
I started collecting at 62 despite the "penalty" for early retirement.
The SS literature on this subject is very deceptive. They do not take into account interest rates, or rate of return on any savings one may have.
If you can get ~9% on you money (at the lower end of stock market returns), your will never break even, by deferring to a later retirement date, on the total amount you receive, no matter how long you live. Plus, it is politically impossible to reduce SS payments to an individual once they have started collecting the money.
Of course now the early retirement ages have increased, but most people are better off to take SS as early as possible.