Tag: retirement replacement rate
Many workers in their 60s lose some of their stamina. Either their bodies start showing signs of wear, or they don’t tolerate on-the-job stress like they used to. People who find themselves in this situation but can’t afford to retire will appreciate the findings in a recent study: older workers who transition to a new…
The Congressional Budget Office (CBO) has become a major player in the effort to show that Social Security is very expensive – huge 75-year deficit – and very generous – extraordinarily high benefits relative to pre-retirement earnings (replacement rates). These two developments together set the stage for cutting back on Social Security – something this…
