Tag: replacement rates
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 “all fine” crusaders are selective in their use of numbers. Keeping up with the campaign that the retirement system is fine and people will have plenty of money in retirement is a full-time job. So far, critics have pointed to three main statistics to bolster their case. The vast majority of today’s workers –…
