Boomers at the Bottom: How Will Low Income Boomers Cope with Retirement

Source: Barbara Butrica, Eric Toder, Desmond Toohey, Urban Institute, September 16, 2008

From the summary:
This study uses the Urban Institute’s DYNASIM model to project wealth and income at retirement for low-income boomers. The findings suggest that most with low lifetime earnings will also have low incomes at older ages unless they either continue working or move in with others who help support them financially. Saving more, working more consistently over their lifetime, and delaying retirement is projected to improve outcomes for low-earning boomers, but none of these actions will increase retirement living standards dramatically.

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