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How Much Cash Would It Take to Get You to Delay Retirement?

Here’s how many minds a lump sum of $60,000 changed.
Photographer: OmerSukruGoksu/Getty Images/iStockphoto

One reason Olivia Mitchell wants to save Social Security is to avoid the reduction in benefits she expects from the ailing program just when she wants to retire.

But Mitchell spends a lot more time worrying about retirement professionally, as an economist at the Wharton School of the University of Pennsylvania.