A New Look at the Wealth Adequacy of Older U . S . Households

  title={A New Look at the Wealth Adequacy of Older U . S . Households},
  author={David A. Love and P Allington Smith and Lucy C. McNair},
We examine the current wealth adequacy of older U.S. households using the 1998–2006 waves of the Health and Retirement Study (HRS). We find that the median older U.S. household is reasonably well situated, with a ratio of comprehensive net wealth to present value povertyline wealth of about 3.9 in 2006. About 18 percent of households, however, have less wealth than would be needed to generate 150 percent of poverty-line income over their expected future lifetimes. We see similar patterns of… CONTINUE READING


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