Love, David A.; Smith, Paul A.; McNair, Lucy C. - Federal Reserve Board (Board of Governors of the … - 2007
comprehensive measure of wealth for households aged 51 and older in 2004 that includes expected wealth from Social Security, defined … consumption throughout retirement, taking as given expected lifetimes and current Social Security benefits. We find a median … equal to the poverty line over their expected lifetimes, even after including the value of Social Security and welfare …