Tag: retirement inequality
Roughly three out of four low-income households might not have enough money to maintain even their modest standard of living after they retire. This sobering finding comes in a refinement by the Center for Retirement Research of its periodic look at workers’ retirement prospects. The center’s researchers use the data in the Federal Reserve’s periodic…
Social Security dramatically reduces inequality between white and minority retirement wealth. A forthcoming study by two of my colleagues, Wenliang Hou and Geoff Sanzenbacher, looks at retirement wealth by race. They defined wealth broadly to include assets in retirement plans (including defined benefit plans), non-retirement plan assets, housing wealth, and Social Security benefits. They used…
