Tag: CPS survey design
![Senior woman doing finances at home](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_6-1536x1024.jpg)
The brief’s key findings are: Some claim that retirees are better off than many think, because Census’s Current Population Survey (CPS) does not capture most 401(k)/IRA income. Indeed, the CPS dramatically under-reports 401(k)/IRA income, a serious problem given the shift from defined benefit to defined contribution plans. Interestingly, though, the problem is largely concentrated among upper-income households, whic…