Archive: Financing Retirement
The Center first released its National Retirement Risk Index (NRRI) in 2006. The goal was to summarize in a single number the extent to which today’s workers would be prepared for retirement. The Index uses the Federal Reserve’s triennial Survey of Consumer Finances to compare projected replacement rates – retirement income as a percentage of…
Late Boomers have low levels of wealth regardless of how it is defined – total wealth, retirement wealth, or 401(k)/IRA wealth. A decline in some wealth components had been expected as a result of the rise in Social Security’s Full Retirement Age, the shift from defined benefit (DB) to defined contribution (DC) plans, and a…
