Tag: retirement risk

Bunch of Piggy bank in lifebuoy on blue sea

The release of the Federal Reserve’s 2022 Survey of Consumer Finances (SCF) offers an opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI).  The NRRI estimates the share of American households that are at risk of being unable to maintain their pre-retirement standard of living in retirement.  Constructing t…

portrait of displeased senior man with beard frowning while looking away and covering face with hand

The release of the Federal Reserve’s 2019 Survey of Consumer Finances (SCF) provides, once again, an opportunity to take stock of retirement security. For this task, we use our National Retirement Risk Index (NRRI), which compares SCF households’ projected replacement rates – retirement income as a percentage of preretirement income – with target rates that would…