Tag: CPS
What kind of financial shape are retirees in? A 2017 study refocused attention on this old question, and it has taken on greater urgency as more and more baby boomers retire. The study looked at the accuracy of the U.S. Census Bureau’s Current Population Survey (CPS) and confirmed earlier research showing that it dramatically under-estimates…
Pretty well, actually – with the exception of the Current Population Survey (CPS). A 2017 paper by Adam Bee and Joshua Mitchell re-documented that the Census Bureau’s Current Population Survey (CPS) understates retirement income, renewing concern around the accuracy of income measurements in the CPS. Some have wondered if this problem applies to retirement incom…
