Key Findings Details
The Adequacy of Economic Resources in Retirement
Michael Hurd and Susann Rohwedder
- A majority of those just past the usual retirement age are adequately prepared for retirement in that they will be able to finance a path of consumption that begins at their current level of consumption and then follows an age-pattern similar to that of current retirees.
- However, almost half of singles who lack a high school education are likely to be forced to reduce consumption.
- Couples are much better prepared than singles. But because of taxes a substantial number of married college graduates will have to reduce consumption.