Tag: pre-retirement income

Cheerful senior man at home looking at his mail

The brief’s key findings are: For married households, the amount of pre-retirement income replaced by Social Security depends on the labor force activity of both spouses. At the high end, couples with a non-working spouse get the replacement rate from the worker’s benefit and from a spousal benefit. At the low end, couples with two…

Social Security Card: Senior woman holding card in hand on white background

Introduction Do today’s retirees have sufficient income to meet their needs? One common way to address this question is to determine a household’s “replacement rate.” The replacement rate gauges the extent to which retirement income allows workers to maintain their pre-retirement standard of living. In the U.S. retirement income system, Social Security is the sing…