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This paper compares how Black and White workers with stable jobs fare after an unemployment shock. Using administrative earnings data from the Continuous Work History Sample, the analysis compares the earnings trajectories of Black and White workers who are displaced during three recessions (1990-1991; 2000-2001; and 2008-2009)…
Introduction While Social Security provides those ages 62 and older with a predictable stream of income, most households need other resources as well for a secure retirement. The bulk of these other resources come from employer-sponsored retirement plans, although more affluent households may save additional amounts on their own. With the shift from traditional defined…
Releasing the Social Security Trustees Report a couple of months later than usual always raises the intriguing question that it might include some titillating new information. For better or worse, the 2025 Trustees Report is standard fare. It confirms what has been evident for almost three decades – namely, Social Security is facing a 75-year…
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Partnership with the Center for Retirement Research (CRR) provides instant access to valuable, independent research. In building a relationship with its supporters, the CRR seeks to gain their perspective on retirement income issues and to secure data to advance the goals of the CRR’s research programs. The Partnership Program offers the following benefits: Annual members…
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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 workers ages 25-64 are participating in an employer-sponsored pension (see Figure 1)…
Our summer newsletter features research on pension participation, rising Social Security claiming ages, and a new model for senior housing…