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How long does it take for Social Security to change direct deposit information? 

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The econometric estimations bring evidence of forward-looking behavior, since individuals do appear to take into account the lifetime path of Social Security incentive changes.
It is found that households do change their consumption expenditures in response to the predictable fluctuations in income induced by the Social Security tax system.
Simulations of this approach to Social Security reform show substantial long-run improvements in U. S. living standards.
In contrast to the previous results, clearinghouse membership does not substantially alleviate deposit contractions in 1893.
They take the view that the Financial Institutions Reform, Recovery and Enforcement Act was seriously flawed for its failure to adequately restructure the federal deposit insurance system.
Adopting explicit deposit insurance to counteract instability in the financial sector does not appear to solve the problem.

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