Why fears of cuts to Social Security benefits are not a reason to claim early
The way headlines were worded affected people differently, the research found. Age was also a big factor in how the news determined Social Security claiming plans. One thing that was unchanged: people's savings plans.
The results found that headlines that focused on the trust fund's woes led readers to adjust their plans to claim earlier. That ranged from half a year earlier, which was not considered statistically significant, to a full year earlier. However, that information on ongoing revenues might not be enough to stop people from claiming early, the researchers concluded.
Those who are anxious may be tempted to claim retirement benefits when they first become eligible at age 62.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The messy math of Social Security, spousal benefits and when to claimYour Social Security benefit calculation is based on more than your lifetime earnings. Here’s how couples can do the math based on different incomes and filing times.
Read more »
Scary press reports of Social Security affect worker behaviorMedia coverage could induce people to grab their benefits early, but don’t lead to more saving, experiment shows
Read more »
Internet infrastructure company RightForge to host Trump's TRUTH Social- AxiosTrump is set to launch his own social media app, TRUTH Social, that he said would 'stand up to Big Tech' companies such as Twitter and Facebook that have barred him from their platforms. Avila told https://www.axios.com/trump-social-network-host-rightforge-c5c83181-db9f-4936-854b-1bf8942dfe17.html Axios on Monday the company was laying the groundwork in preparation for more than 75 million users to be on the social media network and will have servers everywhere.
Read more »
Social media giants try to distance themselves from FacebookExecutives from Snapchat, TikTok and YouTube distanced themselves from Facebook during a congressional hearing Tuesday about online safety for teens.
Read more »
Social media giants try to distance themselves from FacebookExecutives from Snapchat, TikTok and YouTube distanced themselves from Facebook during a congressional hearing Tuesday about online safety for teens.
Read more »
Top Democrats aim to strike a deal on Biden's social spending plan within hoursDemocrats say they only have a handful of issues to resolve before they can strike a deal on Biden's social safety net and climate plan.
Read more »