Wednesday, June 07, 2006

Retirement Index Shows U.S. Workers Falling Short for Retirement

According to a new National Retirement Index developed by the Center for Retirement Research at Boston College (CRR), almost 45% working-age households are “at risk” of being unable to maintain their pre-retirement standard of living in retirement. Published as CRR Issue Brief No. 48, "Retirements at Risk: A New National Retirement Risk Index" suggests, however, that the situation is not hopeless: "if people choose to work longer--even just two years--and save 3% more, they can substantially improve the outlook for their retirement security."

The National Retirement Risk Index measures the share of working-age households who are at risk of being unable to maintain their pre-retirement standard of living in retirement.

CRR has also published a full report

Source: Center for Retirement Research at Boston College Press Release (June 6, 2006)

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