Key Findings Details
Future Beneficiary Expectations of the Returns to Delayed Social Security Benefit Claiming and Choice Behavior
Jeff Dominitz, Angela Hung and Arthur van Soest
- Among workers who expect to stop working full-time before age 62, over 60% say they plan to delay claiming Social Security benefits until after they turn 63.
- Among those who expect to stop full-time work between ages 62 and 70, only about 25% expect to delay claiming beyond their retirement age.
- When presented with a hypothetical choice to delay claiming or not, proababilities of delayed claiming are high relative to previous findings.