SHARE:

a_e002a

«
»

General information

Question text:
Consider the case of Mr. Johnson, a man about to turn 62 years old who earns $35,400 per year. Mr. Johnson has already decided to claim as soon as he turns 62. Given his earnings and contributions to Social Security throughout his working life, there are two paths he can follow.

STOP WORKING AND CLAIM. If he stops working and claims at 62, he will receive $15,000 per year in retirement benefits from Social Security. He will continue receiving this amount throughout his lifetime (only adjusted for cost-of-living changes)

CONTINUE WORKING AND CLAIM. If he continues working and claims benefits, about half of his benefits will be withheld, and he will get $8,000 per year from Social Security. However, when he reaches his Full Retirement Age, he will receive a higher amount as compensation for the amount withheld. In particular, if he continues working and earning the current amounts, he can expect to receive about $18,000 per year (plus cost-of-living adjustments). He will receive this higher amount for as long as he is alive.

If you were Mr. Johnson, what do you think you would do? 		^FL_e002a
Answer type: Radio buttons
Answer options: 1 Probably stop working and claim Social Security retirement
2 Probably continue working and claim Social Security retirement
Label: stop or continue working
Empty allowed: One-time warning
Error allowed: Not allowed
Multiple instances: No

Data information

To download data for this survey, please login with your username and password. Note: if your account is expired, you will need to reactivate your access to view or download data.