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More Middle Class Workers Will Be Poor Retirees

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Abstract

The erosion of retirement income security in the United States is causing a decline in the living standards of millions of Americans when they retire. The number of 65-year-olds per year who are poor or near poor will increase by 146% between 2013 and 2022.

Suggested Citation

  • Teresa Ghilarducci & Zachary KNauss, 2015. "More Middle Class Workers Will Be Poor Retirees," SCEPA policy note series. 2015-05, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapn:2015-05
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    File URL: https://www.economicpolicyresearch.org/images/docs/retirement_security_background/Downward_Mobility.pdf
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    More about this item

    Keywords

    Retirement; 401(k); Projections;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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