Tag: non-saving spouse
Spouses don’t realize when they need to save for two. Every time we look at households’ preparedness for retirement, we find that two-earner couples are in the worst shape. We generally attribute their status to the fact that one-earner couples receive a Social Security spouse’s benefit equal to 50 percent of the breadwinner’s while most…
The brief’s key findings are: The retirement savings a household needs depends on its total earnings. For many dual-earners, only one person has a 401(k), so the question is whether the saver considers the non-saver’s earnings and chooses a higher contribution rate. The analysis shows that the 401(k) saver in a dual-earner couple does not have a…
