Tag: National Retirement Risk Index
The National Retirement Risk Index (NRRI) measures the share of working-age households that will be unable to maintain their pre-retirement standard of living once they retire. The Index is based on data from the Federal Reserve’s Survey of Consumer Finances and compares household projected replacement rates – retirement income as a percentage of pre-retirement…
Social Security alone is simply not enough, new Vanguard study confirms. People often assume that the retirement needs of low-wage workers are covered by Social Security’s progressive benefit formula. That assessment has never been correct. Social Security was never intended to be the sole source of income for any group of retirees. Social Security replacement…
