Financing Retirement
Emergency savings are a key component of financial security for households of all ages. To decide how much cash savings to have on hand and how to balance this need with other financial priorities, households need good information on the spending shocks they may…
Without homeownership, it’s hard to save. When thinking about the future of Social Security, one concern should be whether future cohorts will have comparable assets to people retiring today. Today, a major component of the typical retired household’s portfolio is their home. In fact, the house is the major asset for most families. But today…
