Seiter, Grant M.; Slavov, Sita N. - National Bureau of Economic Research - 2023
How accurate are older people's expectations about their future Social Security benefits? Using panel data from the … Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective … their claiming age, they underestimate their annual Social Security income by approximately $1,896 (11.5 percent) on average …