Households 'at Risk': A Closer Look at the Bottom Third

Posted: 9 Mar 2010

See all articles by Alicia H. Munnell

Alicia H. Munnell

Boston College - Center for Retirement Research

Francesca Golub-Sass

Boston College - Center For Retirement Research (CRR)

Pamela J. Perun

Women’s Institute for a Secure Retirement

Anthony Webb

Boston College - Center for Retirement Research

Date Written: January 1, 2007

Abstract

The Center's National Retirement Risk Index (NRRI) provides a measure of the percentage of households that will be unable to maintain their standard of living in retirement. Issued in June 2006 with numbers based on the 2004 Federal Reserve's Survey of Consumer Finances, the Index shows that 43 percent of the population will be 'at risk.' 'At risk' means different things, however, for households in different parts of the income distribution. For those in the top third, 'at risk' may require cutting back on some of the normal amenities enjoyed before retirement, but for those in the bottom third 'at risk' may mean foregoing essentials. This brief takes a closer look at the NRRI for the bottom third of the population.

Suggested Citation

Munnell, Alicia and Golub-Sass, Francesca and Perun, Pamela and Webb, Anthony, Households 'at Risk': A Closer Look at the Bottom Third (January 1, 2007). Available at SSRN: https://ssrn.com/abstract=1113901

Alicia Munnell (Contact Author)

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States
617-552-1762 (Phone)

Francesca Golub-Sass

Boston College - Center For Retirement Research (CRR) ( email )

Chestnut Hill, MA 02167
United States

Pamela Perun

Women’s Institute for a Secure Retirement ( email )

1140 19th Street, N.W. Suite 550
Washington, DC 20036
United States

Anthony Webb

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

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