Tag: high income
Abstract U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation remains an important concern. This paper uses a new survey of households and financial advisors to examine how near retirees and retirees responded to recent inflation. The survey asks respondents how inflation affected their labor…
Roughly three out of four low-income households might not have enough money to maintain even their modest standard of living after they retire. This sobering finding comes in a refinement by the Center for Retirement Research of its periodic look at workers’ retirement prospects. The center’s researchers use the data in the Federal Reserve’s periodic…
