Tag: 2019 SCF
Earnings are much more important, but 401(k) withdrawals have yet to make their mark. For many reasons, we have been looking at the sources of income for households ages 62-75 – a group eligible for Social Security, many of whom could be presumed to be retired. Three patterns emerged when comparing data from the Federa…
Retirement security in 2019 and 2020: We need to fix our retirement system. The release of the Federal Reserve’s 2019 Survey of Consumer Finances (SCF) provides, once again, an opportunity to take stock of retirement security. For this task, we use our National Retirement Risk Index (NRRI), which compares SCF households’ projected replacement rates – retirement…