Archive: Francesca N. Golub-Sass

Minature people on different coin stacks

The brief’s key findings are: The National Retirement Risk Index (NRRI), based on newly released Survey of Consumer Finances data, shows that over half of households may be unable to maintain their standard of living in retirement. Between 2007 and 2010, the NRRI jumped by 9 percentage points due to: the bursting of the housing bubb…

older_workers_10

The brief’s key findings are: Working longer is the key to financial security, but it does not mean working forever. Half of today’s households are ready to retire at age 65, but more than 85 percent would be prepared by age 70. Thus, five years of additional work would solve the problem for the bulk…