Do Social Security Statements Affect Knowledge and Behavior?
April 12, 2011
The brief’s key findings are:
- Social Security’s annual Statement of estimated benefits at different ages helps people plan for retirement.
- Those receiving it are more likely to provide an estimate of their benefits, and their estimates tend to be more accurate.
- The Statement does not appear to change retirement behavior; further research is needed to determine why.
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Citation
Mastrobuoni, . 2011. "Do Social Security Statements Affect Knowledge and Behavior?" Issue in Brief 11-6. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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