Tag: pre-retirement income
Workers should plan to work longer and save more. The release of the Federal Reserve’s 2016 Survey of Consumer Finances (SCF) is a great opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI). The NRRI shows the share of working-age households who are “at risk” of being unable to…
The brief’s key findings are: For married households, the amount of pre-retirement income replaced by Social Security depends on the labor force activity of both spouses. At the high end, couples with a non-working spouse get the replacement rate from the worker’s benefit and from a spousal benefit. At the low end, couples with two…
