Tag: retirement income
This could help extend the work lives of older Americans. Older people need to work longer in order to ensure a secure retirement. Social Security will not replace as much pre-retirement income in the future as it does today, and employer-sponsored pensions also involve considerably more uncertainty given the shift from defined benefit to 401(k)…
The brief’s key findings are: Recent research has re-documented that the Census Bureau’s Current Population Survey (CPS) understates retirement income. Some have wondered if this problem also applies to other surveys and calls into question decades of research that suggest many are ill-prepared for retirement. To answer this question, the analysis compared estimates from fiv…
