Tag: retirement insecurity
The Center first released its National Retirement Risk Index (NRRI) in 2006. The goal was to summarize in a single number the extent to which today’s workers would be prepared for retirement. The Index uses the Federal Reserve’s triennial Survey of Consumer Finances to compare projected replacement rates – retirement income as a percentage of…
My friend, and occasional collaborator, Andrew Biggs recently argued that “fears of a retirement crisis are overblown – and these numbers prove it.” That got my attention. If real data showed that most people will be fine in retirement, that’s great news. I’ll spend more time in Tuscany!! But from everything I know, the financia…