A new study finds that today is the "golden age" of retirement income. The report, by Alicia Munnell and Mauricio Soto of the Center for...
WASHINGTON — A new study finds that today is the “golden age” of retirement income.
The report, by Alicia Munnell and Mauricio Soto of the Center for Retirement Research at Boston College, finds that two-thirds of households have pension income and Social Security, which produces enough to replace about two-thirds — 63 percent for couples, 70 percent for singles — of their pre-retirement income.
The majority of households retiring are in “pretty good shape.”
But the authors also caution: “The landscape is changing for the coming wave of baby-boom retirees, who will see lower replacement rates from Social Security and less certain income from employer pensions.”
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