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The Impact of Misperceptions about Social Security on Saving and Well-being
by Susann Rohwedder and Arthur van Soest
WP 2006-118
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- People who overestimate their Social Security benefits before retirement are worse off, across a number of measures of well-being, in retirement.
- This connection is stronger for those who claimed Social Security retirement benefits earlier than they expected, perhaps because of unexpected poor health.
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