WORKERS' EXPECTATIONS ABOUT THEIR FUTURE SOCIAL SECURITY BENEFITS: HOW REALISTIC ARE THEY?

This study examines workers' expectations about their future Social Security benefits. We analyze data from 18 different one-time and recurring surveys, totaling more than 60 individual survey iterations conducted during 1971--2020 with a total sample size of more than 130,000. We examine how Social...

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Detalles Bibliográficos
Publicado en:Social Security Bulletin Vol. 81; no. 4; pp. 1 - 18
Autores principales: Turner, John A., Rajnes, David
Formato: Artículo
Publicado: Social Security Administration Nov2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Nov2021
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        atl: WORKERS' EXPECTATIONS ABOUT THEIR FUTURE SOCIAL SECURITY BENEFITS: HOW REALISTIC ARE THEY?
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          Turner, John A.
          Rajnes, David
        affil:
          Director, Pension Policy Center in Washington, DC
          Research analyst, Office of Research, Evaluation, and Statistics, Office of Retirement and Disability Policy, Social Security Administration
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        Young workers
        Sample size (Statistics)
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          Young workers
          Sample size (Statistics)
      ab: This study examines workers' expectations about their future Social Security benefits. We analyze data from 18 different one-time and recurring surveys, totaling more than 60 individual survey iterations conducted during 1971--2020 with a total sample size of more than 130,000. We examine how Social Security expectations vary over time and by demographic group. Although we find differences in workers' expectations over time and among subgroups, surprisingly high percentages of young workers consistently expect that they will not receive future Social Security benefits. Many other workers expect to receive benefits but their expectations about benefit amounts are more pessimistic than actuarial projections. We investigate possible explanations for these findings.
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      doctype: Article
      src: R
    language: English
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