The House and Living Standards in Retirement

Alicia H. Munnell Mauricio Soto

IB#39

Introduction

Do today’s retirees have sufficient income to meet their needs? This brief is the third in a series examining replacement rates for current retirees. The first one looked solely at Social Security, the single most important source of retirement income. The second one added employer-sponsored pensions and other financial assets to provide a more comprehensive picture of replacement rates. This brief builds on the previous findings by considering how the addition of housing equity affects replacement rates…