Do households have a good sense of their retirement preparedness?

Munnell, Alicia Haydock, Wenliang Hou, and Geoffrey T. Sanzenbacher. “Do households have a good sense of their retirement preparedness?”. Issue in Brief 17-4, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, February 2017. http://hdl.handle.net/2345/bc-ir:107296.
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Abstract

The brief's key findings are (1) Do households in the National Retirement Risk Index identified as "at risk" recognize their situation? (2) The analysis finds that almost 60 percent of households have a good sense of whether or not they are on track for retirement. (3) But about 20 percent incorrectly think they are prepared, in large part because they do not recognize that their 401(k) savings are inadequate. (4) These households are in the most danger of saving too little, but even those who know they are unprepared may not take action unless prodded.

Title
Do households have a good sense of their retirement preparedness?
Author
Munnell, Alicia Haydock
Hou, Wenliang
Sanzenbacher, Geoffrey T.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
February 2017
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
17-4
Persistent Link
http://hdl.handle.net/2345/bc-ir:107296
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 Retiremen

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