Archive: Anqi Chen

Back view of two older people walking down the street with risk indicator graphics on either side

The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers an opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI).  The NRRI estimates the share of American households that are at risk of being unable to maintain their pre-retirement standard of living in retirement…

Two groups of people shaped in puzzle pieces joining together

At any given time, only about half of U.S. private sector workers are covered by an employer-sponsored retirement plan. As a result, roughly one-third of households end up completely reliant on Social Security at retirement, while others move in and out of coverage throughout their careers and end up with only modest balances in a…