Tag: retirement saving
Abstract The Great Recession has amplified the increase in socioeconomic instability and inequality in the United States. While much work has been conducted on retirement income and assets, not much work has been undertaken on seniors moving in with their adult children and grandchildren, possibly to save on housing costs. Utilizing Survey of Income and…
The brief’s key findings are: The ability to stay on the job long enough for a secure retirement may vary by socioeconomic status (SES). Using education for SES, the analysis calculates a retirement gap – the difference between how long households plan to work and how long they need to work. Not surprisingly, retirement gaps…
