How much are workers saving?

Munnell, Alicia Haydock, and Mauricio Soto. “How much are workers saving? ”. Issue in Brief 34, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, October 2005. http://hdl.handle.net/2345/bc-ir:104475.
PREVIEW Datastream
PDF

Abstract

It is crucial that today's workers save for retirement for two reasons. First, Social Security replacement rates will decline due to increases in the Normal Retirement Age, rising premiums for Medicare, more personal income taxation, and potential adjustments to restore financial balance to the system. Second, accumulations in 401(k) plans may well be much lower than people anticipate. As such, personal saving will become increasingly necessary for retirement security...

Title
How much are workers saving?
Author
Munnell, Alicia Haydock
Soto, Mauricio
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
October 2005
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
34
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104475
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

My Bookmarks

Bookmarks: