Tag: NRRI calculations
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…
The bad news: Almost half are not prepared. In a recent study, we used our updated National Retirement Risk Index (NRRI) to see whether households have a good sense of their own retirement preparedness – do their expectations match the reality they face? That is, do households at risk know they are at risk? Understanding…
