As if there weren’t enough problems surrounding the whole issueof retirement, a new one is rearing its head: acutback in statements from the Social Security Administration to workers.
That’s according to research by Barbara Smith, a senioreconomist at Social Security’s Office of Retirement, and KennethCouch, a professor at the University of Connecticut. Moneyreports that, in a paperbeing presented this week at a George Washington Universityseminar, the pair say that mailed statements from the SSA “had asignificant effect on claiming behavior,” and that the cuts couldmake it less likely that people will wait to claim Social Securitybenefits till later in life.
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