Workers' Expectations About Their Future Social Security Benefits

This study examines workers' expectations about their future Social Security retirement benefits. We compile and analyze data from surveys and associated ...

This study examines workers' expectations about their future Social Security benefits. The authors compile and analyze results of more than ...

The Future of Social Security & How to Prepare for It - Merrill Lynch

For every year you wait to claim, up to age 70, your monthly Social Security benefits increase by about 8%. Show text version.

Americans More Upbeat About Future Social Security Benefits

Story Highlights · Half of nonretirees expect to receive a Social Security benefit · 53% of retirees expect they will continue to get their full ...

Subjective Expectations, Social Security Benefits, and the Optimal ...

We find some heterogeneity in the direction of the expectation bias: Older workers and men are less likely to overestimate their future retirement benefits. But ...

Americans Optimistic About Future Social Security Benefits - Kiplinger

Yet, 43% of retirees currently expect that their benefits will eventually be cut. The new poll also found that expectations for receiving Social ...

You May Be Overestimating Your Social Security Benefits

Researchers have studied the expectations of workers and found great uncertainty about future Social Security benefits as well as a tendency to overestimate ...

Subjective Expectations, Social Security Benefits, and the Optimal ...

We assess the subjective expectations of non-retirees and find that they have sizable biases and uncertainty about future retirement benefits. This uncertainty ...

The Future of Social Security: 12Proposals on the Table in Washington

Raising the full retirement age further is one option to help close Social Security's funding gap. The earliest age for claiming reduced benefits could remain ...

Irrational Expectations, Future Social Security Benefits, and Life ...

If workers had rational expectations concerning their future retirement income and needs and rational behavior resulting from those expectations, they would not ...

The Ratio of Workers to Social Security Beneficiaries Is at a Low and ...

By 2034, the last year before funds are expected to become depleted, the Social Security Trustees expect that costs will exceed income by $437 ...

Social Security Benefits Are Modest

That's because Social Security caps the amount of earnings on which workers pay taxes and accrue credit toward future benefits, and because the ...

CBO's 2023 Long-Term Projections for Social Security

Social Security's Finances, With Scheduled Benefits. CBO projects that if Social Security paid benefits as scheduled, spending on the program ...

Raising the Social Security Retirement Age

Raising the NRA acts to offset this, but at the same time represents a cut in benefits relative to expectations under current law. With each future generation ...

Policy Basics: Top Ten Facts about Social Security

Social Security provides a foundation of income on which workers can build to plan for their retirement. It also provides valuable social ...

Social Security Benefits and the Language of Guarantees

MANY WORKERS BELIEVE THAT THE SOCIAL. Security benefits suggested by current law belong to them—that they have “property rights” to future payments.

Panel on Social Security and COVID-19 Labor Market Effects | NBER

Expectations of future nominal wages and salaries among professional forecasters are currently more optimistic than the SSA's 2020 forecast. ... As a result, ...

What Will Social Security Look Like When You Retire? - Investopedia

Social Security doesn't actually provide enough income for a comfortable retirement, nor is it likely to do so in the future. Without a legislative fix, both ...

Social Security: Why It Matters for Young People, Not Just Retirees

They include people receiving disability insurance benefits or benefits to the survivors of deceased workers, including their children. Social ...

There Are Options for Reforming Social Security, But Action is ...

Generations of Americans have relied on Social Security as a key source of retirement income. But the entitlement program faces serious ...