Tag: NRRI
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 households’ self-assessed retirement preparedness is important because households…
The National Retirement Risk Index (NRRI) measures the percentage of working-age households that is at risk of being financially unprepared for retirement. Since the Great Recession, the calculations show that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, roughly half of…
