This study examines retirement security between ages 67 and 80. Findings show that typical adults will experience a decline in projected wealth and income. More than two-fifths of retirees will have significantly less income at age 80 than they did at 67 (median income decline of $16,000 for current retirees and $23,000 for boomers). However, approximately two-fifths will have significantly more income at age 80 than at 67 (median income increase of $14,000 for current retirees and $17,000 for boomers). Some of the change in economic well-being is related to changing living arrangements, and marital, health, and work status.
LATEST IN Aging
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.