The brief’s key findings are: *Federal Reserve data show that retirement preparedness has been declining over time, but studies on the level of preparedness offer conflicting assessments. *The National Retirement Risk Index (NRRI) finds half of households are “at risk,” while studies of...

The brief’s key findings are: The Great Recession threw many older individuals out of work, so it is important to understand their job search activity. The results show little tolerance for a lengthy search; the vast majority either find a job or exit the labor force within a year. Those with...

The Great Recession has resulted in the highest national unemployment rate in nearly 30 years, and those who find themselves unemployed remain jobless longer than ever before. In response, the federal government has extended unemployment insurance (UI) benefits for up to 99 weeks, almost a year...

The brief’s key findings are: Workers who think they have excellent chances of living to ages 75 and 85 plan to work longer than those who think their chances are poor. These perceptions of life expectancy also influence workers’ actual retirement behavior, though to a lesser degree. These...

Eligibility for Medicare at age 65 is widely viewed as an important factor in retirement decisions. However, it has been difficult to quantify the influence of Medicare because eligibility for Medicare came at the same age as Social Security’s Full Retirement Age (FRA). The recent rise in the...

The brief’s key findings are: Obtaining an employer pension involves four steps: 1) having a job; 2) working for a firm with a plan; 3) being eligible for the plan; and 4) taking up the plan. For lower-income individuals, the weakest links in this chain are a lack of employment and employment...

Between 2007 and 2009, the percent of 62 year olds claiming Social Security benefits reversed a decadelong decline and increased sharply before reverting back to trend. This phenomenon raises two questions: 1) who was induced to claim early?; and 2) how much monthly retirement income have they...