How Retirement Wealth Shortfalls Change with Age

Published: 2004
Project ID: UM04-C1


Our past work used baseline data, collected in 1992 from the Health and Retirement Study (HRS) linked with pension and Social Security records, to evaluate retirement wealth shortfalls for Americans on the verge of retirement. We concluded that older Americans just prior to retirement accumulated too little wealth to continue their lifestyles into their retirement years. The proposed project seeks to update earlier studies – to follow older Americans in the HRS over the subsequent five survey waves. This will permit us to determine whether those households most in need of additional retirement saving initially, actually did save more before retiring.