Journal Article
Are households saving enough for a secure retirement?
Abstract: The recent rise in the personal saving rate has been interpreted as a sign that consumers are paying down their debt and repairing the damage done to their nest eggs. But a close analysis suggests that many people are falling short of saving what they will need to maintain their standard of living in retirement. A growing body of research in behavioral economics, a branch of economics that studies the choices people make at the individual level, offers explanations for why that is, as well as new approaches to the problem.
Keywords: Retirement income; Retirement;
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https://doi.org/10.26509/frbc-ec-201312
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https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/economic-commentary/2013/ec-201312-are-households-saving-enough-for-a-secure-retirement/ec-201312-are-households-saving-enough-for-a-secure-retirement-pdf.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2013
Issue: Oct
Order Number: 12