Financing Retirement
In a Post-COVID world, are older people working? Sometimes, on a lazy summer afternoon, I like to go into the Current Population Survey – the monthly survey that yields the government’s estimate of the unemployment rate – and just tabulate away. What can I say, my social life just isn’t what it used to b…
Introduction While Social Security provides those ages 62 and older with a predictable stream of income, most households need other resources as well for a secure retirement. The bulk of these other resources come from employer-sponsored retirement plans, although more affluent households may save additional amounts on their own. With the shift from traditional defined…
