Tag: NRRI
Americans’ retirement outlook has gone from bleak to bleaker. The unemployment caused by COVID-19 has pushed up the share of working-age households not able to afford their current standard of living in retirement from 50 percent to 55 percent, according to a new analysis by the Center for Retirement Research, which sponsors this blog. T…
The brief’s key findings are: Before the virus, half of households were at risk of falling short in retirement. The virus-related surge in unemployment has likely increased the share of households at risk from 50 percent to 55 percent. And this increase does not capture the impact of lower asset prices and interest rates. In…
