Tag: retirement income

elderly man inserting credit card to ATM

Abstract Recent research by Bee and Mitchell (2017) has refocused attention on the fact that the Current Population Survey (CPS) underestimates retirement income.  In the wake of this study, some observers have questioned whether other surveys more frequently used by retirement researchers also understate retirement income and, if so, whether prior research suggesting that many…

elderly man inserting credit card to ATM

The brief’s key findings are: Retirees have long been seen as financially fragile – that is, ill-equipped to handle a financial shock without severe hardship. Interestingly, the research suggests that the vast majority of current retirees can weather shocks such as high medical bills and widowhood. Future retirees, however, face greater risk as most peo…