Will Future Retirees Be Able to Maintain Their Living Standards upon Retirement?
نویسندگان
چکیده
In this issue... The authors provide insights into Canadians' state of retirement preparedness, not only across income groups, but also within them.
منابع مشابه
Individual account retirement plans: an analysis of the 2004 survey of consumer finances.
• Increasing importance of individual accounts: Individual account retirement plans continue to grow in importance as a source of retirement income for future retirees in both the public and private sectors. The wealth that workers are able to accumulate in individual plans during their working years will be crucial to the ability of many workers to maintain a comfortable standard of living in ...
متن کاملEXPLOR ING THE FUTURE OF WORK Retirement and an Aging Population
Retirement and an Aging Population Industrialized countries are currently experiencing drastic demographic shifts due to declining fertility rates and longer life spans. In most cases, this shift is leading to a decline in the workingage population and an increase in the retired-age population. Economists and policy-makers are concerned that the smaller pool of workers will not be able to suppo...
متن کاملCoping with the demographic challenge: fewer children and living longer.
Due to demographic changes, the U.S. Social Security system will face financial challenges in the near future. Declining fertility rates and increasing life expectancies are causing the U.S. population to age. Today 12 percent of the total population is aged 65 or older, but by 2080, it will be 23 percent. At the same time, the working-age population is shrinking from 60 percent today to a proj...
متن کاملAre Retirees Falling Short? Reconciling the Conflicting Evidence
A fundamental question for retirement security is whether today’s working-age households will have adequate income to maintain their pre-retirement standard of living. Existing studies offer conflicting assessments. On the one hand, data from the Survey of Consumer Finances and studies using target income replacement rates indicate a widespread shortfall. O the other hand, researchers using a l...
متن کاملDoes retirement education teach people to save pension distributions?
As defined contribution pension plans have become increasingly common over the past two decades, so have lump sum distributions from those plans. Employees who elect such a distribution take the balance of their pension account with them when they leave a job. They can then choose to maintain the funds in accounts designated for retirement, invest them in other saving vehicles, or spend them. I...
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تاریخ انتشار 2010