What Happens to Replacement Rates Over the Course of Retirement?

Brief

What Happens to Replacement Rates Over the Course of Retirement?

Abstract

Replacement rates, which compare individuals' initial Social Security benefits with previous wages, are often used to determine whether or not recent retirees can maintain their preretirement standard of living. Replacement rates, however, can be unsteady measures. As discussed in a previous brief, they look different depending on the wage (for example, average, highest, or most recent) with which a new Social Security benefit is compared. But such rates can also appear different over the course of retirement.

Research Area: 
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.

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.