Inadequate Retirement Account Balances for Families Nearing Retirement

Teresa Ghilarducci (), Joelle Saad-Lessler, Bridget Fisher and Siavash Padpour
Additional contact information
Siavash Padpour: Schwartz Center for Economic Policy Analysis (SCEPA), https://www.economicpolicyresearch.org

No 2015-06, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: Americans nearing retirement do not have enough savings to support their standard of living in retirement. Over 28% of American families ages 50-64 have nothing saved for retirement. The average total balance in all retirement accounts is $150,000, an amount considered inadequate for retirement security.

Keywords: Retirement; 401(k) (search for similar items in EconPapers)
JEL-codes: D63 E21 H55 J26 J32 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2015-06
New Economics Papers: this item is included in nep-acc, nep-age and nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.economicpolicyresearch.org/images/docs ... aring_Retirement.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2015-06

Access Statistics for this paper

More papers in SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School Contact information at EDIRC.
Bibliographic data for series maintained by Bridget Fisher ().