Are You Sure You're Saving Enough for Retirement?
Many view the soon-to-retire Baby Boomers as woefully unprepared for their golden years, while other economists have taken a more sanguine view of American levels of saving. And if Americans are failures at saving enough for retirement, why are some retirees so happy? The seemingly simple question o...
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| Veröffentlicht in: | The Journal of economic perspectives 2007-07, Vol.21 (3), p.59-80 |
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| container_title | The Journal of economic perspectives |
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| creator | Skinner, Jonathan |
| description | Many view the soon-to-retire Baby Boomers as woefully unprepared for their golden years, while other economists have taken a more sanguine view of American levels of saving. And if Americans are failures at saving enough for retirement, why are some retirees so happy? The seemingly simple question of “Am I saving enough for retirement?” is apparently not so simple at all. Instead, it touches on a variety of deeper issues in economics, psychology, and health policy. I use the program ESPlanner to present life-cycle retirement wealth targets for a range of incomes and situations typical of American Economic Association members. (Readers are warned that life-cycle retirement wealth targets presented in this paper may lead to feelings of financial inadequacy.) |
| doi_str_mv | 10.1257/jep.21.3.59 |
| format | Article |
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| source | Business Source Complete (EB_SDU_P3); American Economic Association; JSTOR; EZB Electronic Journals Library |
| subjects | Age Aggregate analysis Baby boomers Children Cost control Deferred compensation Economic behaviour Health care policy Household consumption Households Housing Macroeconomics Medicare Mortgages Pensions Present value Retirees Retirement Retirement age Retirement income Retirement planning Retirement plans Savings Social security Studies Symposium: The Adequacy of Retirement Saving U.S.A Wealth |
| title | Are You Sure You're Saving Enough for Retirement? |
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