LATEST
This paper compares Social Security outcomes for non-Hispanic Black, Hispanic, and non-Hispanic white beneficiaries and assesses the capacity of various benefit enhancements to narrow racial and ethnic disparities in Social Security benefits. Using the Dynamic Simulation of Income Model 4 (DYNASIM4), we project, under current law and each benefit enhancement, lifetime Social Security benefits…
This paper explores whether exposure to tight labor markets at working ages is linked to improved financial wellbeing at older ages especially for groups traditionally disadvantaged in the labor market, including people with low income, those without college degrees, and people of color. We also examine what role the timing of exposure to tight labor…
The headlines from the 2023 Medicare Trustees Report were that the Hospital Insurance (HI) program faces a long-term deficit and will deplete its trust fund reserves in 2031 and that the rest of the Medicare program will require increasing amounts of general revenues. While true, the outlook for program costs is considerably more favorable than…
Anyone who was paying attention to COVID’s devastation, whether in terms of being exposed to the virus at work or...
The gap between the desire for annuities and actual holdings likely due to logistical impediments. My colleagues, Karolos Arapakis and...
CRR IN THE NEWS
MONEY
A “rapidly growing” number of households have debt in retirement, raising concerns about the financial well-being of older adults, according to researchers at the Center for Retirement Research at Boston College.
DETROIT FREE PRESS
Many of us do what we can to avoid paying a little extra here and there — such as making sure to spot a low price at the pump when filling up the car or searching an app for any extra discounts.
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CRR PARTNERSHIP PROGRAM
Partnership with the Center for Retirement Research provides instant access to valuable, independent research. In building a relationship with its supporters, the Center seeks to gain their perspective on retirement income issues and to secure data to advance the goals of the Center’s research programs. The Partnership Program offers the following benefits: One presentation a…
PARTNERSHIP WITH JACKSON NATIONAL
This initiative identifies the major risks that people face as they approach retirement, seeks to understand their perceptions of those risks, measures the potential harm from the risks, and evaluates ways to mitigate them. These risks include longevity, inflation, health, market, family, and policy. The CRR gratefully acknowledges Jackson National Life Insurance Company for supporting…
RETIREMENT PLAN ACCESS
The main reason that U.S. workers end up with inadequate retirement savings is that, at any given time, only about half of private sector workers are covered by an employer-sponsored retirement plan (see Figure 1)…
Our fall newsletter features new research on rising debt for seniors, who is missing out on inheritances, and how income sources have changed for older Americans…
