Will the Financial Fragility of Retirees Increase?


The brief’s key findings are:

  • Retirees have long been seen as financially fragile – that is, ill-equipped to handle a financial shock without severe hardship.
  • Interestingly, the research suggests that the vast majority of current retirees can weather shocks such as high medical bills and widowhood.
  • Future retirees, however, face greater risk as most people are not saving enough and it is hard to manage a nest egg.
  • The best responses are to reduce fixed expenses (e.g., downsize) and draw more income from assets (e.g., buy an annuity).

The CRR wants to hear from our website users like you. Would be you willing to take a short survey?

Yes, take me to it.       No, thanks.      Not now, but ask me later.