Abstract

http://ssrn.com/abstract=1433355
 


 



Answer Quickly: How Much Do You Think You'll Get from Social Security?


Andrew G. Biggs


American Enterprise Institute

June 1, 2009

AEI Retirement Policy Outlook, No. 4, June 2009

Abstract:     
This year, one in four new retirees will discover that their largest retirement income source falls 28 percent or more below their expectations. But that asset is not a recession-battered 401(k) account. It is Social Security. To understand why, answer quickly: How much do you think your Social Security benefit will be? If you do not know, you are in good company. Due to the complexity of Social Security's benefit formula, a worryingly large proportion of Americans have no idea what their Social Security benefit will be until the first check arrives. This 'predictability risk' is just as costly as the market risk associated with 401(k) plans. Simplifying Social Security benefits should be a priority when reform is addressed.

Number of Pages in PDF File: 5

Keywords: social security, social security reform, retirement income

JEL Classification: H55, J26

Accepted Paper Series


Download This Paper

Date posted: July 15, 2009  

Suggested Citation

Biggs, Andrew G., Answer Quickly: How Much Do You Think You'll Get from Social Security? (June 1, 2009). AEI Retirement Policy Outlook, No. 4, June 2009. Available at SSRN: http://ssrn.com/abstract=1433355

Contact Information

Andrew G. Biggs (Contact Author)
American Enterprise Institute ( email )
1150 17th Street N.W.
Washington, DC 20036
United States
202-862-5841 (Phone)
HOME PAGE: http://www.aei.org
Feedback to SSRN


Paper statistics
Abstract Views: 113
Downloads: 10

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.313 seconds