The brief’s key findings are: The COVID recession brought the economy to a halt, but households got robust government support and asset markets soared during 2020-2021. Overall, balance sheets showed some improvements during this period: high-wealth households saw rapid asset growth from the booming markets; and those in the middle got market gains and a boost from…
Recent media stories have attracted renewed attention to a rise in young adults living with their parents. Explanations range from the economic (e.g., rising housing costs) to the social (e.g., smart phones keeping kids more tethered to their parents)…
Since the launch of ChatGPT in November 2022, AI’s potential impact on labor markets has been a growing worry. This concern has centered on the replacement of workers, with a special focus on younger…
I have a client who is nearing retirement as a self-employed gardener. At age 67, she doesn’t have a massive...
Unlike higher gas prices, which hurt almost everyone, higher borrowing costs have an uneven impact. In September 2024, then presidential...
FEATURED
CLOSING THE COVERAGE GAP
By Andrew G. Biggs, Alicia H. Munnell and Anqi Chen
The brief’s key findings are: 401(k)s/IRAs have the potential to provide significant wealth. But a typical 60-year-old with a 401(k) in 2016 had less than $100,000 compared to a potential $360,000 in combined 401(k)/IRA assets. Four factors could explain this gap: the immaturity of the 401(k) system, the lack of universal coverage, leakages, and fees…
Associate Director of State & Local Research
Associate Director of Retirement Plans and Finance Jean-Pierre Aubry is associate director of retirement plans and finance at the Center for Retirement Research at Boston College. He oversees and conducts research and data collection, develops new analytic techniques for evaluating retirement plans, and secures funding support. Aubry is recognized as a leading expert on stat…
By Kim Blanton
With so many Americans in the dark about how to prepare for retirement, educating them about why it’s critical to save seems an obvious way to tackle this problem. But very few solid studies prove that financial education actually works. This field research should be counted as a positive result for a modest, low-cost financia…
The next Retirement and Disability Research Consortium Meeting will be held virtually on August 3-4, 2023. This free and public event showcases the latest in retirement and disability research from the nation’s top scholars.
CRR IN THE NEWS
THE HILL
The federal program is poised to run out of funds by 2032, triggering a 22-percent cut in benefits for tens of millions of Americans unless lawmakers act.
MARKETPLACE
In this economy, it’s pretty common for parents (when they can) to give their children – even adult children – financial help. A recent study, however, looked at money flowing the other way – from children to parents.