Tag: Survey of Consumer Finances (SCF)
The brief’s key findings are: Recent research has re-documented that the Census Bureau’s Current Population Survey (CPS) understates retirement income. Some have wondered if this problem also applies to other surveys and calls into question decades of research that suggest many are ill-prepared for retirement. To answer this question, the analysis compared estimates from fiv…
Abstract Recent research by Bee and Mitchell (2017) has refocused attention on the fact that the Current Population Survey (CPS) underestimates retirement income. In the wake of this study, some observers have questioned whether other surveys more frequently used by retirement researchers also understate retirement income and, if so, whether prior research suggesting that many…
