Tag: retirement income
Introduction Do today’s retirees have sufficient income to meet their needs? This brief is the third in a series examining replacement rates for current retirees. The first one looked solely at Social Security, the single most important source of retirement income. The second one added employer-sponsored pensions and other financial assets to provide a mor…
Introduction For anyone interested in retirement income policy, the most basic question is how much are people receiving today from Social Security, the backbone of the nation’s retirement income system. The traditional measure of generosity is the replacement rate — namely, the ratio of benefits relative to pre-retirement earnings. The Social Security administration provides two…
