The Adequacy of Household Saving

Eric Engen, William Gale and Cori Uccello

MPRA Paper from University Library of Munich, Germany

Abstract: DURING THE PAST half century, retirement income security in the United States has been based on a combination of social security, employer sponsored pensions, and households’ own saving. Social security was intended to provide a retirement income base. Pensions generated additional retirement income. Households’ own saving supplemented these sources. In many ways this combination has served retirees well, but recent and impending developments have raised concerns about the adequacy of households’ preparations for retirement.

Keywords: saving; retirement; social security; pension (search for similar items in EconPapers)
JEL-codes: D1 D14 H31 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (63)

Published in Brookings Papers on Economic Activity 2.1999(1999): pp. 65-187

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56442

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