Type of Content: News
Subtype: Newspaper or Magazine Article
Resource Title: The Decade in Retirement: Wealthy Americans Moved Further Ahead
Publication Title: New York Times
Publish Date: December 14, 2019
“…Employee Benefit Research Institute has developed a model that simulates the percentage of households likely to have adequate resources to meet retirement expenses, considering household savings, home equity and income from Social Security and pensions.
The model shows that the highest-income households have seen their odds of a successful retirement improve sharply during this decade, and have very high odds of success. Middle-income households, meanwhile, have seen some gains, but still have only 50-50 odds of success. And the lowest-income households have seen their retirement prospects diminish sharply — among these boomers approaching retirement, their odds of success have fallen during the decade from 26 percent to 11 percent.”
Resource URL: https://nyti.ms/2RTQ8dI