Tag: 2008 stock market crash on retirement security
Abstract This paper simulates the impact of the 2008 stock market crash on future retirement savings under alternative scenarios. If stocks remain depressed as after the 1974 crash, 20 percent of pre-boomers born 1941-45 and 22 percent of late boomers born 1961-65 would see their retirement incomes drop 10 percent or more. Working another year…
The brief’s key findings are: The National Retirement Risk Index (NRRI) shows the percent of households ‘at risk’ of failing to maintain their standard of living in retirement. The NRRI jumped from 44 percent to 51 percent today due to: the bursting of the housing bubble; the stock market crash; and the ongoing rise in…
