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Introduction The question is how the COVID-19 pandemic affected the finances of the vulnerable households, as well as those with more resources. On one hand, the shutdown of the economy resulted in salary cuts and job losses. On the other hand, many households received substantial government relief – through stimulus payments and unemployment benefits –…
The National Retirement Risk Index (NRRI) measures the share of working-age households that is “at-risk” of being unable to maintain their pre-retirement standard of living in retirement. The exercise involves comparing households’ projected replacement rates – retirement income as a percentage of pre-retirement income – with target rates that would allow them to maintain their…
This paper examines the experiences of older adults with disabling conditions during the COVID-19 pandemic using data from the 2020 Health and Retirement Study. It documents the negative health, work, and financial experiences of older adults by disability status, race, and ethnicity. It also explores the intersectionality of race and…
The drop in a key poverty measure to a historic low was an immediate result of Congress increasing the child...
The Center first released its National Retirement Risk Index (NRRI) in 2006. The goal was to summarize in a single...
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 State & Local Research Jean-Pierre Aubry is the Associate Director of State and Local Research at the Center for Retirement Research at Boston College (CRR). He oversees and conducts research and data collection, develops new analytic techniques for evaluating retirement benefits, and secures funding support. Aubry, who is recognized as a leading…
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
WALL STREET JOURNAL
Millions of Americans will probably get their Social Security checks even if Congress fails to reach a deal to raise the U.S. debt limit, economists and policy advocates say.
THE NEW YORK TIMES
In late 2019, Molly Stuart’s contract ended at the community college where she worked. “Normally, I’d just get a new job, but then Covid happened,” she said. So she collected unemployment for awhile, then retired.