How Economic Security Changes During Retirement

How Economic Security Changes During Retirement

April 2, 2007

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.

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