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A Different Look the “Retirement Crisis” and Today’s Retirees
Citing flaws in media reports of an impending cash flow crisis for retirees, Forbes contributor and American Enterprise Institute resident scholar Andrew Biggs suggests that income measurements based on Census Bureau’s Current Population Survey (CPS) data may not tell an accurate story about how well current retirees are coping with cash flow. Based on a premise that CPS data understates total income levels for those in their retirement years, Biggs and co-author Syl Scheiber conclude, for example, that income replacement rates and the percentage of retirees falling below the poverty line are inaccurate. Read Biggs’ Forbes article here…
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