Archive: Alicia H. Munnell
![Minature businessperson standing between two coin stacks](https://crr.bc.edu/wp-content/uploads/2024/06/Minature-businessperson-standing-between-two-coin-stacks-1536x1024.jpeg.webp)
They would improve transparency and most likely returns by investing in index funds. I must admit, I love it when research supports my gut. Hence, I am delighted to report the findings from the new study by my colleagues JP Aubry and Yimeng Yin that compares actual returns earned by state and local pension plans…
![Senior woman sitting on sofa looking to the side concerned](https://crr.bc.edu/wp-content/uploads/2024/06/Senior-woman-sitting-on-sofa-looking-to-the-side-concerned-1536x1025.jpeg.webp)
Impact depends on sources of income, asset holdings, and the amount of fixed-rate debt. In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices. A shock of this magnitude must surely have affected the retirement security of near retirees and retirees. The question…