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Diane Publishing Books
Retirement Security: Most Households Approaching Retirement Have Low Savings
Charles A. Jeszeck (au)
As baby boomers move into retirement each year, the Census Bureau projects that the age 65-and-older population will grow over 50% between 2015 and 2030. Several issues call attention to the retirement security of this sizeable population, including a shift in private-sector pension coverage from defined benefit plans to defined contribution plans, longer life expectancies, and uncertainty about Social Securityńˇ╗s long-term financial condition. In light of these developments, this report examined (1) the financial resources of workers approaching retirement and retirees; and (2) the evidence that studies and surveys provide about retirement security for workers and retirees. Tables and figures. This is a print on demand report.
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