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The National Retirement Risk Index: After The Crash

Author

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  • Alicia H. Munnell

    (Center for Retirement Research at Boston College)

  • Anthony Webb

    (Center for Retirement Research at Boston College)

  • Francesca Golub-Sass

    (Center for Retirement Research at Boston College)

Abstract

The National Retirement Risk Index measures the share of American households who are ‘at risk’ of being unable to maintain their pre-retirement stan­dard of living in retirement. The Index results from comparing households’ projected replacement rates – retirement income as a percent of pre-retirement income – with target rates that would allow them to maintain their living standard. The results showed that even if households work to age 65 and annui­tize all their financial assets, including the receipts from reverse mortgages on their homes, in 2004 43 percent would have been ‘at risk’ of being unable to maintain their standard of living in retirement.

Suggested Citation

  • Alicia H. Munnell & Anthony Webb & Francesca Golub-Sass, 2009. "The National Retirement Risk Index: After The Crash," Issues in Brief ib2009-9-22, Center for Retirement Research, revised Sep 2009.
    • Handle: RePEc:crr:issbrf:ib2009-9-22
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    File URL: http://crr.bc.edu/briefs/the-national-retirement-risk-index-after-the-crash/
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    References listed on IDEAS

    as
    1. Alicia H. Munnell, 2003. "The Declining Role Of Social Security," Just the Facts jtf-6, Center for Retirement Research.
    2. Barry Bosworth & Rosanna Smart, 2009. "The Wealth of Older Americans and the Sub-Prime Debacle The Wealth of Older Americans and the Sub-Prime Debacle," Working Papers, Center for Retirement Research at Boston College wp2009-21, Center for Retirement Research, revised Nov 2009.
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    Cited by:

    1. Rolison, Jonathan J & Hanoch, Yaniv & Wood, Stacey, 2017. "Saving for the future: Dynamic effects of time horizon," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 47-54.
    2. Boto-García, David & Bucciol, Alessandro & Manfrè, Martina, 2022. "The role of financial socialization and self-control on saving habits," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 100(C).
    3. Unruh Mark A. & Stevenson David G. & Frank Richard G. & Cohen Marc A. & Grabowski David C., 2016. "Demand-Side Factors Associated with the Purchase of Long-Term Care Insurance," Forum for Health Economics & Policy, De Gruyter, vol. 19(1), pages 23-43, June.
    4. David Warner & Mark Hayward & Melissa Hardy, 2010. "The Retirement Life Course in America at the Dawn of the Twenty-First Century," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 29(6), pages 893-919, December.
    5. Christi R. Wann & Lisa A. Burke-Smalley, 2023. "Attributes of Households that Engage in Higher Levels of Family Financial Planning," Journal of Family and Economic Issues, Springer, vol. 44(1), pages 98-113, March.

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