The brief’s key findings are:
- Between 2010 and 2013, the National Retirement Risk Index improved only slightly, dropping from 53 percent to 52 percent of working-age households.
- This result may seem surprising given that the stock market was up and housing prices had begun to rebound.
- But other factors – Social Security’s rising “Full Retirement Age,” declining interest rates, and changes in reverse mortgage rules – acted as counterweights.
- The bottom line is that retirement security remains a serious challenge; Americans need to save more and/or work longer.