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Does the Social Security “Statement” Add Value?

July 21, 2015
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The brief’s key findings are:

  • To help workers better plan for retirement, the Social Security Administration provides a Statement with personalized benefit estimates.
  • Surveys have explored how workers view the Statement, and research studies have examined its effectiveness.
  • The results indicate that workers generally consider the Statement a valuable resource, and it improves their benefit knowledge.
  • At the same time, studies have not found any effect on workers’ Social Security claiming behavior.
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Author(s)
Headshot of Steven A. Sass
Steven A. Sass
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Citation

Sass, . 2015. "Does the Social Security “Statement” Add Value?" Issue in Brief 15-11. Chestnut Hill, MA: Center for Retirement Research at Boston College.

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Topics
Social Security
Publication
Issue Brief
Publication Number
IB#15-11
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