Tag: savings
If rates continue to hover around zero, people will need to save large amounts. The pandemic and ensuing recession have exacerbated the challenge of saving for retirement. Real interest rates, as measured by the difference between nominal returns on 10-year Treasuries and the Cleveland Federal Reserve’s inflation expectations, fell by half a percentage point in…
Four out of five retired households will pay little or no income taxes. But the tax rates at the highest income levels are meaningful, averaging 11 percent of household income and as much as 23 percent at the very top. These estimates come from a new analysis by the Center for Retirement Research that sheds…
