Labor & Economic News Blog
Wednesday, November 19, 2008
Are Baby Boomers Saving Enough for Their Retirement?
Are Baby Boomers Saving Enough for Their Retirement?Urban Institute
This paper estimates the ratio of post- to pre-retirement consumption to explore how well boomers are prepared for retirement. The paper shows that some of the poorest households are best prepared because they can maintain consumption by relying almost solely on Social Security while many of the most affluent households are poorly prepared because they will experience a decline in consumption upon retiring.
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