Labor & Economic News Blog
Friday, October 31, 2008
Stock Market Fluctuations and Retiree Income
Stock Market Fluctuations and Retiree IncomeBrookings
While Social Security’s long-term problems represent a major policy challenge, the sharp fall in stock prices serves as a reminder that many substitutes for Social Security – such as individual retirement accounts -- have problems of their own. Gary Burtless analyzes how personal retirement savings accounts have performed historically, including over the past 12 months, and finds that retirement funds invested solely or mainly in the stock market offer a very shaky foundation for retirement income.
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