Using The Urban Institute’s Dynamic Simulation of Income Model, Barbara Butrica and Mikki Waid project that workers today are less likely than their parents or grandparents to enjoy the living standards of their working years when they retire. Much of the projected decline is expected because health care costs are rising faster than wages. That is a central finding from this report from the Urban Institute and AARP’s Public Policy Institute, based on computer modeling of retirement prospects for middle-class workers under age 55 in 2012. … Back to Article
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