Archive: Courtney Monk
Abstract Achieving long-run Social Security solvency requires addressing rising life expectancy. Increasing the Full Retirement Age (FRA), while holding the Early Entitlement Age (EEA) fixed, could be effective but eventually will result in replacement rates that are viewed by many as too low. A possible policy to prop up replacement rates is to raise t…
In summer 2009, the CRR surveyed individuals ages 45-59 on how the market crash has affected their retirement planning. Key findings from our analysis are: In response to the crisis, over 40 percent expected to work longer/save more. Those who were highly distressed were more likely to act. After receiving “reliable” financial advice, the majority…