Tag: standard of living

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Retirement inequality is a thread running through several articles that have appeared here this year. One blog that was particularly popular with our readers distinguishes retirees who have enough wealth to maintain the same spending levels throughout retirement from those who will, over time, have to cut back and reduce their standard of living. T…

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Abstract Whether households prefer a constant, increasing, or decreasing path of consumption in retirement has important implications for our understanding of retirement adequacy.  Financial planners and researchers have often assumed that retirees would like to maintain their pre-retirement standard of living.  However, several studies suggest that retired households decrease their consumption over time.  This project…