National Retirement Risk Index Shows Slight Improvement
The Center for Retirement Research at Boston College reports that the National Retirement Risk Index, the triennial measurement that assesses the number of working-age households that are statistically on track to maintain their standard of living in retirement, showed slight improvement over the previous two reports. The Center uses the Federal Reserve’s triennial Survey of Consumer Finances as a base to develop income replacement rates projected for households at age 65, and measures savings rates in combination with replacement incomes to project living standards. Bloomberg reporter Justin Fox takes a look at this index and some of the debate behind it in an article posted on www.bloomberg.com, discussing what the index actually means, deliberations on the validity of savings rates used, and several other topics. Check his article out here…
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