Brief Working for a Good Retirement
Barbara Butrica, Karen E. Smith, C. Eugene Steuerle
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(Brief) Workers who delay retirement can save more and contribute more to the economy. Using the Urban Institute's Dynamic Simulation of Income model (DYNASIM3), this brief shows that someone who works an extra five years could increase retirement spending by more than half. Also, work-inducing reformsrather than reforms that simply reduce benefitshelp close the Social Security funding gap.
Research Areas Wealth and financial well-being Aging and retirement Taxes and budgets
Tags Economic well-being Pensions Wages and nonwage compensation Individual taxes Retirement policy
Policy Centers Income and Benefits Policy Center