National Retirement Risk Index improved modestly between 2013 and 2016
According to the Center for Retirement Research (CCR), the National Retirement Risk Index (NRRI) improved modestly dropping from 52 percent to 50 percent of working-age households between 2013 and 2016. Using the data information about household assets, liabilities, and demographic characteristics from the Federal Reserve’s 2016 Survey of Consumer Finances (SCF), NRRI compares projected replacement rates - retirement income as a percentage of pre-retirement income - that would allow households to maintain their living standard and calculates the percentage at risk of falling short. Read article here…
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