| The House and Living Standards in Retirement |
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IB#39 IntroductionDo 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... For full paper in PDF For related working paper Alicia H. Munnell is the Director of the Center for Retirement Research at Boston College (CRR) and the Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management. Mauricio Soto is an Economics graduate student at Boston College and a senior research associate at the CRR. Natalia A. Jivan, Marric Buessing, and Nadezhda Karamcheva did a fabulous job programming the Health and Retirement Study. Andrew Varani, Jamie Lee, and Reed Hatch provided extraordinary research assistance. The authors benefited greatly from discussion with Center colleagues. This brief is adapted from a longer paper by Alicia H. Munnell and Mauricio Soto entitled "What Replacement Rates Do Households Actually Experience in Retirement?" that is available here.
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