The retired portion of the population will increase in the next two decades and its demographic composition will change. Newly eligible retirees are increasingly better educated, but that will level off after 2012. Larger shares will be divorced or never-married and smaller shares married or widowed. The share of whites will decline, while shares of other groups, especially Hispanics, will increase. The changing demographics of the retiring population will affect Social Security financing and retirement policies. In particular, while economic growth will reduce poverty, there will be more retirees in groups who have historically been at higher risk of poverty. [View the corresponding press release]
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