New study: “National Retirement Risk Index Shows Modest Improvement in 2016”

National Retirement Risk Index Shows Modest Improvement in 2016

by Alicia H. Munnell,Wenliang Hou and Geoffrey T. Sanzenbacher

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The brief’s key findings are:

• Between 2013 and 2016, the National Retirement Risk Index improved modestly, dropping from 52 percent to 50 percent of working-age households.
• The improvement was driven mainly by rising home prices, with stock market gains also contributing.
• At the same time, Social Security’s rising “Full Retirement Age” and declining interest rates served as a headwind against greater progress.
• The bottom line is that retirement security remains a major challenge that requires today’s workers to save more and/or work longer.

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