Retirement Savings and Household Wealth in 2007 (CRS Report for Congress)
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| Release Date |
Revised April 8, 2009 |
| Report Number |
RL30922 |
| Report Type |
Report |
| Authors |
Patrick J. Purcell, Specialist in Income Security |
| Source Agency |
Congressional Research Service |
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Summary:
This report examines recent trends in retirement saving and the policy implications. The aging of the American population and the impending retirement of the "baby boom" will place significant strains over the next several decades on both Social Security and on retirees' own financial resources. With continued increases in average life expectancies, retirees in the 21st century will have to stretch their savings and other assets over longer periods of retirement than were experienced by their parents and grandparents.
