Americans' dependency on social security:

households on Social Security. Take the highest earning couple in our stylized sample. This couple earns $500,000 per year from age 30 through age 64 when it retires. It enters retirement with over $2.3 million in assets. But given the length of its potential retirement, the modest real return it ca...

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Bibliographische Detailangaben
Hauptverfasser: Kotlikoff, Laurence J. 1951- (VerfasserIn), Marx, Ben (VerfasserIn), Rizza, Pietro 1974- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2006
Schriftenreihe:Working paper series / National Bureau of Economic Research 12696
Online-Zugang:Volltext
Zusammenfassung:households on Social Security. Take the highest earning couple in our stylized sample. This couple earns $500,000 per year from age 30 through age 64 when it retires. It enters retirement with over $2.3 million in assets. But given the length of its potential retirement, the modest real return it can safely earn on its assets, its off-the-top housing expenses, and its tax payments, this household is highly dependent on Social Security benefits, notwithstanding their taxable status. Indeed, were this household denied all its Social Security benefits on the eve of its retirement, it would suffer a 35.6 percent reduction in its living standard throughout retirement"--National Bureau of Economic Research web site
Beschreibung:Literaturverz. S. 16
Beschreibung:49 S. graph. Darst. 22 cm

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