The National Retirement Risk Index: After The Crash
The National Retirement Risk Index measures the share of American households who are ‘at risk’ of being unable to maintain their pre-retirement standard of living in retirement. The Index results from comparing households’ projected replacement rates – retirement income as a percent of pre-retirement income – with target rates that would allow them to maintain their living standard. The results showed that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, in 2004 43 percent would have been ‘at risk’ of being unable to maintain their standard of living in retirement.
|Date of creation:||Sep 2009|
|Date of revision:||Sep 2009|
|Publication status:||published on the Center for Retirement Research at Boston College website|
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- Alicia H. Munnell, 2003. "The Declining Role Of Social Security," Just the Facts jtf-6, Center for Retirement Research.
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