Tag: Social Security
It’s common for people to begin collecting their Social Security benefits soon after they turn 62, ignoring the financial planners and retirement experts urging them to postpone and increase the size of their monthly checks. A new study has uncovered four powerful psychological traits that influence this decision: the individual’s expected longevity, his fear of…
Abstract Rapid growth in the earnings of the highest earners over the past two and a half decades has contributed to strains on Social Security’s finances and made projecting lifetime earnings on a year-by-year basis – already a complicated technical problem – even more challenging. This project uses various descriptive techniques and high-quality administrative earnings…
