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Accession Number PB2013-105245
Title Supporting Retirement for American Families.
Publication Date Feb 2012
Media Count 14p
Personal Author N/A
Abstract A wide range of risks can threaten a secure and stable retirement for American retirees. Inflation can drive down the purchasing power of retirees accumulated assets. Low rates of return and high administrative fees on financial assets can reduce the flow of income that can be derived from retiree wealth. Unpredictable life eventssuch as a medical emergency or an unexpected need for long-term carecan quickly deplete retirement savings. Lastly, and perhaps most importantly, extended longevity can pose a risk to retirees who did not anticipate living so long and find themselves with insufficient assets. As a result of these and related factors, the Center for Retirement Research at Boston College has estimated that the share of households at risk of not having sufficient assets for retirement at age 65 has increased from 31 percent in 1983 to 51 percent in 2009 (Munnell, Webb, and Golub-Sass 2009).
Keywords Assets
Families
Financial management
Income
Retirements
Security
Wages

 
Source Agency The White House Office
NTIS Subject Category 92C - Social Concerns
70D - Personnel Management, Labor Relations & Manpower Studies
96 - Business & Economics
Corporate Author Executive Office of the President, Washington, DC. Council of Economic Advisors.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1311
Contract Number N/A

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