Tag: National Retirement Risk Index
Kids moderately increase the risk of falling short for households in their 50s. We just released a study that looks at the relationship between children and retirement security. Kids are expensive. Parents divert considerable resources to their children – both time out of the labor force when the kids are young and direct expenditures on…
The brief’s key findings are: The cost of raising children could make it harder for parents to save for retirement. On the other hand, if parents offset child-rearing expenses by spending less on themselves, they could still end up well prepared in retirement. The analysis uses the National Retirement Risk Index to look at what…
