Tag: pre-retirement standard of living
Abstract This paper examines conflicting assessments of whether people will have adequate retirement income to maintain their pre-retirement standard of living. The studies that it examines use data from the Survey of Consumer Finances (SCF), the Health and Retirement Study (HRS), and the HRS supplement Consumption and Activities Mail Survey (CAMS). Critical components of t…
The brief’s key findings are: Estimates of retirement security depend crucially on the assumption of what parents do with the money that is freed up when their children leave home. The Health and Retirement Study’s consumption survey is used to determine whether parents save it for retirement or spend it on consumption. The results show…
