Resource title

Assessing the maintenance of savings sufficiency over the first decade of retirement

Resource image

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Resource description

The adequacy of retirement savings is central to the U.S. debate over the effects of Social Security reform and pension changes that would place greater responsibility on individuals for accumulation of retirement resources. We contribute to this discussion by examining the extent to which individuals maintain initial levels of resources over the first decade of retirement. We compare annuitized wealth, including Social Security and pension wealth, to two consumption standards? a household?s preretirement earnings and the poverty threshold. We analyze the relationship of individual characteristics to changes in this ratio over time, including the effects of widowhood and post-retirement work.

Resource author

Robert Haveman, Karen Holden, Barbara Wolfe, Andrei Romanov

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19031

Resource license

Adapt according to the presented license agreement and reference the original author.