Tag: retirement saving
The brief’s key findings are: 50 percent of working-age households are at risk of falling short in retirement. The question is how much would additional retirement saving improve the picture? The results show that boosting the 401(k) contribution rate for eligible workers by 5 percentage points would only modestly reduce retirement risk overall. The impact…
Most families have relatively little money and median income has been stagnant. If you hang out in the Northeast and talk to financial types and academics who worry about pensions and retirement income, it is easy to get lulled into the notion that the mass affluent – the upper middle of the income distribution –…
