Brief Typical Wealth Held by Those at the Verge of Retirement
Gordon B. Mermin
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A great way to assess how well adults have accumulated wealth is to look at their finances in the years shortly before they retire. We show wealth among households with an adult age 5761 in 2004, using the Health and Retirement Study. This wealth snapshot highlights the extraordinary importance of Social Security, traditional pensions, and owner-occupied housing for typical near-retiree households today, which together comprise nearly four-fifths of wealth for middle quintile households on the verge of retirement.
Research Areas Economic mobility and inequality Aging and retirement Wealth and financial well-being
Tags Economic well-being Pensions Income and wealth distribution Retirement policy