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Can Boomers Afford to Retire?

The lackluster economy, eroding traditional pensions, and volatile stock market are threatening retirement income security for baby boomers. Our new projections show that between 30 and 40 percent of boomers will not have enough income at age 70 to replace 75 percent of their preretirement earnings, a common standard for measuring retirement income adequacy. Read the brief and watch the related event.

 

How Would the President’s Fiscal Commission Change Social Security?

Late last year President Obama’s fiscal commission proposed sweeping changes to Social Security to improve the program’s financial footing. Our new research shows that these reforms would substantially reduce scheduled benefits for high-income seniors several decades from now but largely shield those near the bottom of the income distribution. Read more.