NRRI Update Shows Half Still Falling Short

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The brief’s key findings are:

  • Between 2010 and 2013, the National Retirement Risk Index improved only slightly, dropping from 53 percent to 52 percent of working-age households.
  • This result may seem surprising given that the stock market was up and housing prices had begun to rebound.
  • But other factors ­– Social Security’s rising “Full Retirement Age,” declining interest rates, and changes in reverse mortgage rules – acted as counterweights.
  • The bottom line is that retirement security remains a serious challenge; Americans need to save more and/or work longer.