Tag: life expectancy
Wealth-to-income ratios have not increased over time despite the need to save more. People often ask how well prepared for retirement are current workers compared to their parents. One way to answer that question is to look at the ratio of wealth to income over time from the Survey of Consumer Finances (SCF), which is…
The brief’s key findings are: Mortality rates, which determine life expectancy, are a key factor in cost projections for the Social Security program. Mortality rates consistently improve over time, but the pace of progress varies by year, by age, and by socioeconomic status. Over the past 40 years, progress has been driven by medical advances, better…
