"Two treatment groups saw headlines emphasizing the trust fund's 2034 reserve depletion date -- using increasingly sensationalist language -- while a third treatment group saw a headline explaining that ongoing program revenues will cover three-quarters of scheduled benefits after 2034.... Treated respondents plan to claim around one year earlier than the control group. Treated respondents also shifted their expectations about the level of future benefits away from extreme positions and toward a more realistic assessment." [Working Paper WP#2021-10]  MORE >>