Retirement
How Will Boomers Fare at Retirement?
Research Report
Cori E. Uccello, The Urban Institute
Barbara Butrica, The Urban Institute
May 2004
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New evidence on the adequacy of boomers' retirement resources is presented in this Issue Paper by Barbara Butrica and Cori Uccello of the The Urban Institute. Among the key findings from their study are the following:
- Baby boomers will accumulate more wealth and more real income
at retirement than did previous generations, but late boomers
will accumulate less wealth and receive no more income than early
boomers.
- Although boomers' real incomes will be higher than
incomes of earlier cohorts, boomers' replacement rates will
not exceed those of earlier cohorts, and late boomers will be
less likely than current retirees to maintain their
pre-retirement standard of living.
- On the other hand, poverty rates will decline substantially over time.
This AARP Public Policy Institute Issue Paper, published in March 2004, was written by Barbara Butrica and Cori Uccello of The Urban Institute. For further information, please contact John Gist at 202/434-3872. (91 pages).
Pub ID: 2004-05