Full Citation

Title: The National Retirement Risk Index: An Update from the 2019 SCF

Citation Type: Working Paper

Publication Year: 2021

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Abstract: The National Retirement Risk Index (NRRI) measures the share of American households that are at risk of being unable to maintain their pre-retirement standard of living in retirement. The NRRI compares households’ projected replacement rates – retirement income as a percentage of pre-retirement income – with target rates that would allow them to maintain their living standard and then calculates the percentage falling short. Since the Great Recession, the NRRI has shown that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, roughly half of households are at risk.

Url: https://dlib.bc.edu/islandora/object/bc-ir:109044/datastream/PDF/download/bc-ir_109044.pdf

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Authors: Munnell, Alicia; CHen, Anqi; Siliciano, Robert

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Publication Number: 21-2

Institution: Center for Retirement Research at Boston College

Pages: 1-8

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Data Collections: IPUMS CPS

Topics: Aging and Retirement, Poverty and Welfare

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