Tag: retirement
The natural reaction to losing a job is to get a new one. But when older people become unemployed, some view it as a dilemma: look for work or just retire? The presence of a financial safety net significantly increases the likelihood that an older, unemployed person will retire. And that decision often comes quickly…
The brief’s key findings are: The 2010 National Retirement Risk Index showed that 53 percent of households will not be able to maintain their standard of living in retirement. But equity and house prices have both increased since then. Interestingly, updating the asset values only reduces the Index to 50 percent because: the rise in…
