Table 3. Expected Claiming Ages by Frame and Respondent Characteristics, Wave 1.1.
Consumption frames | Investment frames | St. Dev. | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Baseline | Breakeven | Symmetric | 62 gain | 66 gain | 70 loss | 66 loss | 62 gain | 66 gain | 70 loss | 66 loss | ||
Sex | ||||||||||||
Male | 43.4 | 35.8 | 55.6 | 62.6 | 64.7 | 53.8 | 81.8 | 55.9 | 62.2 | 64.2 | 61.1 | 12.0 |
Female | 40.3 | 42 | 53.6 | 55.9 | 61.4 | 59.7 | 58 | 60.2 | 63.8 | 52.9 | 63.1 | 7.9 |
| ||||||||||||
Age | ||||||||||||
18–40 | 41.6 | 35.8 | 65.7 | 65.9 | 66.2 | 64.2 | 73 | 60.5 | 66.6 | 61.2 | 69.8 | 11.6 |
41–50 | 43.7 | 43.6 | 57.1 | 56.9 | 66.5 | 54.7 | 66.9 | 63.4 | 64.3 | 67 | 65.8 | 8.8 |
51–55 | 41.4 | 37.4 | 54.5 | 55.7 | 61.1 | 57.7 | 61.2 | 52.9 | 72.7 | 66.9 | 57.5 | 10.1 |
>55 | 39.2 | 40.9 | 41.5 | 56.9 | 53.2 | 52.7 | 58.7 | 52.3 | 53.3 | 41.1 | 52.8 | 7.1 |
| ||||||||||||
Education | ||||||||||||
HS or less | 33.8 | 30.8 | 54 | 56.4 | 60.4 | 52.9 | 62.1 | 60.1 | 45.4 | 52.1 | 56.1 | 10.5 |
Some college | 38.1 | 34.2 | 56.1 | 55.3 | 61.1 | 52.7 | 58.8 | 59.4 | 64.1 | 54.1 | 62.2 | 9.6 |
College | 47.6 | 48.2 | 53.4 | 63.1 | 65.4 | 63.3 | 71.5 | 56.8 | 68.8 | 63 | 64.3 | 7.9 |
| ||||||||||||
Income ($/year) | ||||||||||||
<35000 | 34.9 | 39.3 | 55.8 | 57.4 | 60.7 | 58.1 | 61 | 56.2 | 65.3 | 61.9 | 66.2 | 10.0 |
35000–74999 | 39.6 | 36.7 | 51.9 | 57.2 | 67.1 | 56.7 | 64.2 | 53.6 | 63.9 | 52.4 | 59.8 | 9.6 |
>75000 | 47.1 | 42.1 | 56.2 | 61.4 | 57.7 | 57.3 | 68 | 64 | 61 | 60.3 | 62.2 | 7.4 |
| ||||||||||||
Financial Literacy | ||||||||||||
0 – 25% correct | 32.5 | 40.1 | 29 | 38 | 52.3 | 63.4 | 85 | 45.3 | 56.5 | 66 | 74 | 17.9 |
26–50% correct | 34.6 | 43.6 | 76.1 | 65.4 | 51.6 | 50.3 | 40.2 | 69.7 | 63.9 | 54.8 | 58.4 | 12.9 |
51–75% correct | 40.4 | 41.4 | 57.4 | 57.9 | 63.1 | 50.6 | 61.8 | 52 | 65.3 | 52.6 | 65.5 | 8.8 |
76–100% correct | 43.1 | 39.8 | 52.3 | 58.7 | 63.7 | 58.1 | 68 | 59.6 | 61.8 | 60.1 | 61.2 | 8.6 |
| ||||||||||||
Overall | ||||||||||||
Average | 41.6 | 39.6 | 54.5 | 58.7 | 62.7 | 57.2 | 65.3 | 58.4 | 63.1 | 57.7 | 62.2 | |
SD | 32.2 | 28.7 | 29.6 | 30.8 | 30.6 | 28.7 | 31.3 | 29.7 | 30.8 | 29.8 | 30.5 | |
N | 1443 | 147 | 150 | 145 | 171 | 154 | 136 | 157 | 151 | 95 | 130 |